Tag Archives: flood insurance

The Wave of Concerns Facing the National Flood Insurance Program

Congress created the National Flood Insurance Program in 1968 to protect homeowners and alleviate taxpayers’ exposure to flood losses. However, the growing magnitude of major flood events, combined with attempts to keep homeowners’ policy rates affordable, threaten the program’s solvency … Continue reading

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Finding Common Ground on Flood Insurance Reform

As we enter the peak of hurricane season, many homeowners have wisely chosen to protect their properties by purchasing flood insurance. However, the nation’s taxpayers remain largely unprotected as the National Flood Insurance Program (NFIP) is poised to continue to … Continue reading

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The National Flood Insurance Program: a High-Risk Business

The National Flood Insurance Program (NFIP) is a key component of the federal government’s efforts to limit the damage and financial impact of floods. However, it likely will not generate sufficient revenues to repay the billions of dollars borrowed from … Continue reading

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