Two new developments hold promise for the private flood insurance

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Collection: Articles

Title: Two new developments hold promise for the private flood insurance / Lisa Miller

Author: Miller, Lisa

Notes: Sumario: Recent news that federal financial regulators have adopted a final rule compelling lenders to accept private flood insurance, together with a renewed effort to adopt a model flood insurance law for all states to encourage a private market, bodes well for consumers and the growing private insurance sector. Not only will these developments create more available and affordable flood insurance options, but they will also shift more risk onto the private market and away from the federal government's debt-burdened, taxpayer-subsidized National Flood Insurance Program (NFIP).

Other categories: 328.1

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