Two FloodSmart Re cat bonds see partial repayments, lengthen for 1-year on NFIP Helene loss uncertainty – Melissas Meals Freedom
Having elevated its estimate for Nationwide Flood Insurance coverage Program (NFIP) losses from hurricane Helene, we’re advised that FEMA has gone forward with the partial compensation of principal and in addition prolonged the maturity dates for 2 of its FloodSmart Re disaster bond tranches.The U.S. Federal Emergency Administration Company (FEMA) had put an preliminary estimate … Read more
