Reinsurers on the National Flood Insurance Program's (NFIP) $1bn reinsurance programme are likely to suffer a total loss on the cover, although at a company level the losses will be manageable, Fitch Ratings has said.
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Reinsurers on the National Flood Insurance Program's (NFIP) $1bn reinsurance programme are likely to suffer a total loss on the cover, although at a company level the losses will be manageable, Fitch Ratings has said.