NFIP’s future seen as ‘clouded’: AM Best
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NFIP’s future seen as ‘clouded’: AM Best

The government flood insurance program now carries $21bn in debt.

By Hal Stucker
October 07, 2024
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Even though the US Congress has agreed to a short-term extension that will see the National Flood Insurance Program (NFIP) through this hurricane season, the program still carries $21bn in debt, with losses likely to climb, according to a...

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Topics

NewsRegulationClaims and lossesHomeowners' insurance
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