Trump’s proposed FEMA revamp – how will it have an effect on brokers and purchasers?

“Adjustments to FEMA (and the NFIP) signify alternative for the insurance coverage trade,” mentioned Dana Sutton, AVP, private threat, flood apply at NFP. “It could lead on folks to maneuver from the NFIP into the non-public market, which is an total web good for the trade. Extra threat transferring within the course of the non-public market means decrease charges and expanded coverages.”