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Flood Insurance

D

Dangerous Dave

Member
I read in the ST8 notes that "in some territories, such as France and the United States, flood protection is provided through government insurance or pooling arrangements". (Chapter 8 - External Environment - page 33 - 3rd last paragraph).

How exactly do these arrangements work?

Is there any, preferably online, sources where I could read into these arrangements further?

All help much appreciated.
 
Have you tried googling for this info? It might come up with something useful...
 
In the US foold insurance is a government insurance, called NFIP(Natioanl Flood Insurance Program). The Federal Insurance Administration(also FIA) is the true insurer/reinsurer and each primary insurer writing the flood insurance policy cedes 100% of the business to the FIA in fact.

You can google NFIP and find many materials on that.
 
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