Filed Under:Markets, Reinsurance

Sandy's Impact to Hit NFIP, Reinsurers, Says SNL

A report from SNL Financial indicates that, based on recent catastrophes, reinsurers may be footing some of the bill left by Superstorm Sandy. 

And one of these reinsurers is the Federal Emergency Management Agency (FEMA) since, as the administrator of the National Flood Insurance Program (NFIP), it basically reinsures business under the “Write Your Own” program that allows private insurance companies to write federal flood-insurance policies in their names. 

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