[F024]

Federal Crime Insurance Program

This discontinued program was administered by the Federal Insurance Administration to provide limited burglary and robbery coverage for property owners who experienced difficulty in buying insurance on property located in blighted or deteriorating urban areas. It was successful in using federal reinsurance to encourage insurance carriers to continue writing in distressed areas and was phased out in the 1980s. It has gained new interest as a roadmap to move terrorism coverage from a governmental protected program to a fully private coverage.