NFIP building coverage limit is $250k. Nearly every coastal home will have private flood insurance underwritten by an entity other than the government.
Surely an actuary, especially one working for a for-profit company, would recognize the global warming/rising seas risk and choose not to offer the product...yet you can still buy a policy. Why?
NFIP building coverage limit is $250k. Nearly every coastal home will have private flood insurance unwritten by an entity other than the government.
Surely an actuary, especially one working for a for-profit company, would recognize the global warming/rising seas risk and choose not to offer the product...yet you can still buy a policy. Why?