Private flood insurance market may be emerging in the US

residential flood insurance news

Call for a private insurance market for those seeking flood protection has been issued Homeowners in the United States may soon have an alternative to the National Flood Insurance Program. For many years, the federal program has been the only place where homeowners could find flood protection. The problem, however, is that the program has been crippled by serious financial problems that have prevented it from performing its duties effectively. The program has also been embroiled in legal issues concerning the way it has handled insurance claims associated with 2012’s…

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