Under the right conditions, having the private market—whether primary insurers, reinsurers, the capital markets or some combination of all three—pitch in to take on additional flood exposure could be a win-win for taxpayers as well as the insurance industry.
The challenge, however, is how a private-public partnership to relieve the burden on the National Flood Insurance Program (NFIP) might be made mutually beneficial, according to a recent report by Deloitte's Center for Financial Services.
In our last blog, we outlined the opportunities and obstacles facing those interested in taking on more flood risks, as laid out in Deloitte's report: "The Potential for Flood Insurance Privatization in the U.S.: Could Carriers Keep Their Heads Above Water?"
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
