The U.S. Treasury Department’s Federal Insurance Office (FIO) is seeking comments
on natural catastrophes and the current state of the market for insurance of natural catastrophe perils in the United States. FIO has also called for submission of papers analyzing natural catastrophes and the catastrophe insurance market.
FIO is required to report on the current state of the market for natural catastrophe insurance under the Biggert-Waters Flood Insurance Reform Act of 2012 after consultation with various constituencies including state insurance regulators, the insurance and reinsurance industry and policyholders. The Biggert-Waters Act extended the National Flood Insurance Program through September 30, 2017.
Comments and papers must be received by June 24, 2013.