SpatialKey Blog | Visionary Intelligence for a World of Risk | NFIP reform

2017 Hurricane Season (and government shutdown) has insurance industry awaiting NFIP decision on private flood insurance

At a glance:

NFIP lapsed over the weekend as a part of the government shutdown, bill was signed to fund the government through February 8th, which includes an extension for the NFIP

NFIP signed a new reinsurance deal with private reinsurers

Having the right flood data will be the key to successfully insuring flood risk

NFIP reform Flood Insurance

NFIP reform and flood insurance privatization - the latest

At a glance:

NFIP was set to expire December 8, but lawmakers have extended the NFIP (again) until December 22
Flood gates likely to open for private insurance carriers
Insurers can maximize risk selections by using advanced flood data and analytics to create competitive advantage

Flood Insurance flood data NFIP privatization Flood risk flood risk assessment NFIP reform

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