White Mountains Flags Modeling Uncertainty Amid Softening Catastrophe Market
“You want [a catastrophe budget] to stretch out for three months,” he said. “It wasn’t even three weeks in.”
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Banks Price In Risk Following FEMA Flood Map Changes
A new study shows that when FEMA’s 2016 flood map revisions removed thousands of New Orleans homes from high-risk zones, banks quickly raised mortgage rates and down-payment requirements to compensate for the sudden loss of mandatory flood insurance.
