Posts Tagged ‘Lorenz (Cheryl)’



December 20th, 2016

Public Sector Risk Financing Perspectives in the United States: National Flood Insurance Program (NFIP): Part II

Posted at 1:00 AM ET

day-2-headshot-jonathan_clark_april-2015-crop-sm22lorenz_cheryl_sm21Jonathan Clark, Managing Director and Cheryl Lorenz, Vice President

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The new reinsurance program consists of a USD 1 million limit to protect against flood claim losses to the National Flood Insurance Program (NFIP) that exceed USD 5 million in order to test the Federal Emergency Management Agency’s (FEMA) ability to receive reinsurance claim payments and process reinstatement premium. Once that USD 1 million limit is exhausted, the reinsurance will be reinstated for an additional USD 1 million limit to protect against large flooding events that generate losses to the NFIP in excess of USD 5.5 billion. Given the geographic spread of NFIP policyholders, such events would most likely result from flood losses that were related to a large tropical storm or hurricane.

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December 19th, 2016

Public Sector Risk Financing Perspectives in the United States: National Flood Insurance Program (NFIP): Part I

Posted at 1:00 AM ET

day-2-headshot-jonathan_clark_april-2015-crop-sm21lorenz_cheryl_sm2Jonathan Clark, Managing Director and Cheryl Lorenz, Vice President

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In September 2016, the Federal Emergency Management Agency (FEMA) took the historic step of purchasing reinsurance for the National Flood Insurance Program (NFIP).

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