Could over 90% of Homes in New York and New Jersey See Cheaper Premiums in a Private Market?

Read How Private Flood Insurance in Both States May be the Answer

Milliman has collaborated with Risk Management Solutions, Inc. (RMS) to model a potential private flood insurance market in New Jersey and New York. In this insightful whitepaper you will learn:

  • How the reauthorization of the National Flood Insurance Program (NFIP) on July 31, has Congress debating the future of flood insurance in the U.S.
  • How approximately 94% of homes in New Jersey and 96% of homes in New York could see cheaper premiums with private insurance than with the current NFIP premium structure
  • How current NFIP service gaps within their existing risk rating approach are being addressed
  • And more…