In the News Senate adds NARAB registry to bill halting flood insurance premium hikes
A NFIP-as-reinsurer plan seems unnecessary, as reinsurers are already one side of the industry most interested in taking on flood risks, R Street Institute Senior Fellow R.J. Lehmann told SNL. A more viable short-term alternative would be for the NFIP to purchase reinsurance or issue catastrophe bonds, he said.
“It could be structured in a way where the primary gets to choose how much it keeps and how much it cedes,” Lehmann said.
