In the wake of Hurricanes Harvey and Irma , Lloyd 's of London is urging the US government to allow private insurers to play a greater role in providing flood insurance to US property owners . “We urgently need reform to the flood insurance market in the U.S. to make these communities more resilient,” Inga Beale, Lloyd’s chief executive officer, said. The US National Flood Insurance Program needs to be unburdened significantly in the face of changing weather patterns , said Lloyd 's president Inga Beale . The greater private participation would also provide home and business owners with a greater number of options for insurance .
In the wake of Hurricanes Harvey and Irma , Lloyd 's of London is urging the US government to allow private insurers to play a greater role in providing flood insurance to US property owners . The US National Flood Insurance Program needs to be unburdened significantly in the face of changing weather patterns , said Lloyd 's president Inga Beale . The greater private participation would also provide home and business owners with a greater number of options for insurance .