Loss Sharing Clarification
Does the federal government limit of $100 billion apply to individual insurers or the industry? In some places it specifies "Aggregate industry insured losses" and for the limit it just says "no federal coverage for aggregate losses >= 100 billion".
Comments
In this context, "aggregate" always means aggregate of the insurance industry.
is the 100 billion after the deductible and coinsurance? so the Gov will only pay out max of 100 billion?
Yes, the $100 billion cap is after considering the deductible and coinsurance. Once the total aggregate losses reach $100 billion, there is no further federal coverage, and insurers are not required to cover losses beyond this cap.