Canadian Underwriter

Flood Insurance Market Parity and Modernization Act

News CatastrophesInsuranceMergers and AqcuisitionsProfessional Development

U.S. P&C association calls on Congress to pass National Flood Insurance Program extension in wake of Hurricane Harvey

August 31, 2017 by Canadian Underwriter

The president and CEO of the Property Casualty Insurers Association of America (PCI) is calling on the U.S. Congress to pass at least a six-month extension of the National Flood Insurance Program (NFIP). David A. Sampson said in a press

News CatastrophesInsuranceMarkets / CoveragesReinsurance

Flood insurance reform bill re-tabled in U.S. congress

March 8, 2017 by Canadian Underwriter

A bill aimed at increasing participation by the private sector in the flood insurance market in the United States was tabled Wednesday in the House of Representatives, a U.S. congressman from Florida announced. The Flood Insurance Market Parity and Modernization

News CatastrophesInsuranceMarkets / CoveragesMergers and Aqcuisitions

Excess & surplus property insurers ‘may be first’ to enter U.S. flood market if proposed reforms passed into law: S&P

June 16, 2016 by Canadian Underwriter

With the United States National Flood Insurance Program scheduled to expire in September, 2017 and the House of Representatives unanimously approving a bill intended to give consumers more choice in buying flood insurance, the market for flood coverage “may end