According to AM Best senior industry analyst Christopher Graham, policyholders shifting to private insurers during the shutdown could remain with their new providers due to convenience or inertia. The lapse in NFIP reauthorization, effective September 30, has stopped the issuance of new policies, renewals, and amendments until the government resumes operations.
Private flood insurers could make long-term gains amid NFIP lapse
- Niki Wilson
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