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: RiskProfPrivate Flood Insurance
By The authors are Martin F. Grace and J. Tyler Leverty, professors of insurance and risk management a
Nationwide Mutual Insurance Co is lobbying Congress for permission to sell flood coverage in its homeowners policies. This is exciting. Their proposal indicates that they plan to sell flood insurance at the same price as NFIP policies, but with the option of buying additional coverage above the limits. An interesting aspect of their proposal is they want their expanded policies to be exempt from state regulation. Clever.
Full post as published by RiskProf on June 30, 2008 (boomark / email).
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