Private insurers sharing risk with FEMA

zachboaz

For the 'ways private insurers can be involved in flood insurance market' how is

2. share risk with FEMA

different than

3. act as primary insurer
4. act as reinsurer

Would number 2 just be the private insurer and FEMA signing into some sort of Quota-Share treaty? Would that not just be considered the private insurer acting as either primary or reinsurer depending on the way they set the treaty up?

Staff - AC

We are looking into this and will let you know soon.

graham

The "4 ways" as given in the wiki was from a previous version of the Horn reading. In the most recent version, there are only 3 reasons. I missed that change. The wiki and BattleCard in quiz 3 have been updated here:

• https://battleacts6us.ca/wiki6us/Horn2020.Flood#Current_Role_of_Private_Insurers_in_NFIP