Top Catastrophe & Restoration Stories
FEMA renews reinsurance program to manage future flood risk
By Steven A. MeyerowitzFEMA transferred $1.32 billion of the NFIP's financial risk to the private reinsurance market.
Claims magazine covers a wide range of catastrophes ranging from hurricanes, wildfires, earthquakes and tornadoes to hail storms, wind storms, volcanoes, fires, floods and more. We educate insurance professionals on what to look for with these claims, hazards to be aware of, applicable government and industry standards, red flags for fraudulent claims and helps insurers educate and prepare their staffs for these events.
FEMA transferred $1.32 billion of the NFIP's financial risk to the private reinsurance market.