FEMA Reinsures $1.15B Of National Flood Insurance Program’s Risk For 2021

(January 7, 2021, 10:13 AM EST) -- WASHINGTON, D.C. — The National Flood Insurance Program (NFIP) had $1.15 billion of its risk transferred to the private reinsurance market to assist with catastrophic flood losses, according to a Jan. 5 press release from the Federal Emergency Management Agency (FEMA)....