Neptune Flood backs FEMA council call to expand private flood insurance market

Neptune Insurance

Neptune Insurance

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  • Neptune Insurance Holdings issued response backing FEMA Review Council recommendation to expand private flood insurance role alongside NFIP.
  • Neptune said over 15 million US properties at flood risk remain uninsured, calling broader take-up key to financial resilience.
  • Company said nearly half of NFIP policyholders could pay less in private market, rising to nearly two-thirds for new buyers.
  • Neptune said about 95% of properties insured by NFIP would qualify for private coverage, with NFIP remaining backstop for ineligible risks.
  • Neptune said it serves more than 300,000 policyholders, distributing policies across 42 insurance and reinsurance companies via its Triton underwriting system.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Neptune Insurance Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202605071327BIZWIRE_USPR_____20260507_BW108934) on May 07, 2026, and is solely responsible for the information contained therein.

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