The National Flood Insurance Program (NFIP), Reinsurance, and Catastrophe Bonds
Description:
This report discusses the use of reinsurance to transfer some of the risk of an insurance policy from the primary insurer to a secondary insurer and the National Flood Insurance Program's (NFIP) decision to use reinsurance through the issuance of catastrophe bonds (which pay out when a particular type of disaster set out in the bond agreement occurs) by the secondary private insurers.
Date:
April 17, 2018
Creator:
Horn, Diane P. & Webel, Baird
Partner:
UNT Libraries Government Documents Department