[Liability Insurance] FW: FEMA’s 2017 Reinsurance Program Better Manages Future Flood Risk

Pence, Scott spence at carltonfields.com
Wed Jan 4 06:27:42 PST 2017


Please see below regarding FEMA’s NFIP.  Thanks to Jay Mussman for forwarding.

Scott P. Pence | Carlton Fields
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From: Mussman, Jay D. [mailto:jmussman at daypitney.com]
Sent: Tuesday, January 03, 2017 4:49 PM
To: Pence, Scott
Subject: FEMA’s 2017 Reinsurance Program Better Manages Future Flood Risk

Good afternoon/evening and happy new year

Please share.

Thank you


Jay D. Mussman | Attorney at Law | Attorney Bio<http://www.daypitney.com/professionals/M/Mussman-Jay-D>

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On Tuesday, January 3, 2017, 4:36 PM, FEMA (Federal Emergency Management Agency) <fema at service.govdelivery.com<mailto:fema at service.govdelivery.com>> wrote:

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You are subscribed to National News Releases for FEMA (Federal Emergency Management Agency). This information has recently been updated, and is now available.
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01/03/2017 02:56 PM EST


WASHINGTON –  The Federal Emergency Management Agency (FEMA) announced today that it secured reinsurance for the National Flood Insurance Program (NFIP) effective January 1, 2017 through January 1, 2018.

Historically, the Federal Insurance and Mitigation Administration (FIMA) was limited to using flood insurance premiums, available surplus, borrowing capacity from the U.S. Treasury, and in some cases direct appropriations from Congress to pay claims.
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