Authorization for the National Flood Insurance Program (NFIP) expires on September 30, 2017, offering policymakers an opportunity to rethink the scheme and bring forward reforms that would allow a private flood insurance market to develop in its place. Congress tried to fix the NFIP's flawed...

On November 23, 2020, the Federal Housing Administration (FHA) proposed a rule that would allow a private flood insurance option instead of insurance through the National Flood Insurance Program (NFIP), when FHA requires flood insurance. The Flood Disaster Protection Act of 1973 (FDPA) requires...

The global catastrophe insurance market exhibits inherent cyclical risks. Disaster-prone countries can improve their protection against catastrophic risk and premium volatility by using capital markets to boost the capacity of the private sector to absorb and spread the risks -- both...