FEMA Announces National Flood Insurance Program through 2018

The Federal Emergency Management Agency (FEMA) announced that it secured reinsurance for the National Flood Insurance Program (NFIP) effective January 1, 2017 through January 1, 2018.  Congress provided FEMA the authority to secure reinsurance from the private reinsurance and capital markets. Reinsurance is an important financial risk management tool used by private insurance companies and public entities to protect themselves from large financial losses, by diversifying risk across multiple markets.  Additional information about the NFIP's Reinsurance Program is available at FEMA.gov.