The Emerging Residential Flood Insurance Market in the United States
The private flood insurance market is emerging as an option for homeowners, despite the fact that the National Flood Insurance Program (NFIP) is responsible for a majority of residential flood insurance policies in the US, according to a report published by the Wharton School of Business at the University of Pennsylvania.
This formal report is funded by a grant through the US Department of Homeland Security for the Flood Apex Program under Contract HSHQDC-17-C-B0032. Its primary objectives were to be presented to legislators, market participants, and other stakeholders so as to provide a clearer picture of the private flood insurance market in the US.
The Emerging Private Residential Flood Insurance Market in the United States