US federal government shutdown creates opportunities for private flood insurers
The private flood insurance sector has an opportunity to step into the breach left by the NFIP effectively being frozen, especially given how few properties in the US actually have flood insurance, but private flood cover will not necessarily be able to fully replace the federal system
The US National Flood Insurance Program has been frozen following the government shutdown. As the political stalemate grinds on, private flood insurance providers spy an opportunity to step into the breach – but there are hurdles
