Insight and Intelligence on the London & International Insurance Markets 19 Feb 2018

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Opinion: US budget hiatus threatens NFIP

  • Ted Bunker 19 January 2018
  • Coping with the uncertainty of hurricane forecasts can be hard enough for (re)insurers looking ahead to the storm season, but leave it to Washington to make it even tougher to manage.

    As evening fell yesterday in the US capital, it remained anyone's guess whether the Senate would clear a bill to keep the lights on after tonight's midnight government funding deadline. And that cut-off also applies to the National Flood Insurance Program (NFIP).

    Those who run the Federal Emergency Management...

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