The NFIP was originally created by Congress to transfer U.S. flood insurance risk to private insurers. However, in 1978, (when private insurance carriers assumed over 40% of the nation’s flood insurance risk), NFIP administrators used a loophole in the law …
The National Flood Insurance Program (NFIP) was originally created by Congress to transfer U.S. flood insurance risk to private insurers. However, in 1978, (when private insurance carriers assumed over 40 percent of the nation’s flood insurance risk), NFIP administrators used …
If Implemented Wisely, Flood-Exposed Properties Could Benefit from Expanded Market While lawmakers continue their struggle to agree on the long-term reauthorization of the financially burdensome National Flood Insurance Program, federal lending regulators have concluded their own six-year struggle to issue …
With thousands displaced due to massive flooding in Louisiana and too many other similar incidences, it is time to reexamine the flood insurance landscape. Unfortunately, many caught up in this disaster did not have flood insurance – which is a …
