Munich Re enters into the private flood insurance market of the US

Flood Insurance and reinsurance

Insurer offers new product for homeowners in the United States Munich Reinsurance America has introduced a new insurance product in the United States that may be a benefit for some homeowners. It is a new flood insurance product designed for those living in low-to-moderate hazard flood zones in inland parts of the country. The new product will provide these homeowners with new options when it comes to flood protection, as this coverage had, for years, only been available through the National Flood Insurance Program (NFIP). NFIP will have competition when…

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