Private Flood Insurance Market Evaluation Project Fact Sheet

While still very small, there is a growing private market for residential flood insurance. With stakeholders providing mixed reviews on the ability of – and interest for – private sector expansion, there are many open questions about the nature of the market today and how it will evolve in the coming years. The Department of Homeland Security Science and Technology Directorate's (S&T) Flood Apex Program is partnering with the University of Pennsylvania’s Wharton Risk Management and Decision Processes Center, and Resources for the Future, to investigate these mixed reviews.