Archive

• US flood market topped $4bn in 2022 as private insurance share grows

  18 August 2023

  Private insurers now 32% of market as NFIP challenges continue, says the Insurance Information Institute

• US needs private flood insurance to cope with rising claims, says NAIC

  14 April 2023

  NFIP faces "daunting" challenges as it struggles to meet increasing flood losses

• RMS predicts up to $5bn insured losses from Florence

  25 September 2018

  Florence’s economic damage could be more than twice as severe, modellers say

• Reinsurance proves its worth for US disaster agency

  04 January 2018

  Federal disaster agency took out flood reinsurance for first time last year

• US flood insurance programme gets actuarial help

  16 November 2017

  Milliman to provide modelling and pricing

• Republicans switch insurance subcommittee head

  09 January 2017

  Sean Duffy to replace Blaine Luetkemeyer

• Congress ups NFIP budget by $9.7bn

  07 January 2013

  Vote for further increase for Sandy claims scheduled on 15 January

• US flood money will dry up without Congress help

  04 January 2013

  Claims for Sandy and other disasters could be left unpaid, FEMA warns