It’s unclear what the outcome will be of a December 9 meeting on the National Flood Insurance Program (NFIP), but stakeholders from at least two industry factions are on record stating they will ask for the program to be at least partially privatized. This latest round of discussions follows two years’ worth of wrangling and positioning on the topic by politicians and industry groups alike.

In an attempt seen by many as an effort to move discussions on the program off dead center, the Federal Emergency Management Agency (FEMA) held an NFIP public forum last week in Washington, where representatives from the Reinsurance Association of America and the Association of Bermuda Insurers and Reinsurers said in a statement that the program’s guiding principles should be protecting taxpayers.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access