Category: National Flood Insurance Program

Climate Change and the National Flood Insurance Program – 1991

FEMA, Projected Impact of Relative Sea Level Rise on the National Flood Insurance Program, October 1991.

This study of the impact of relative sea level rise on the National Flood Insurance Program was authorized by Congress and signed into law on November 3, 1989. The requirements of this study as specified by the legislation are as follows:[…]

Should we subsidize developing high risk coastal areas?

By Kathy Chu, USA TODAY
DAUPHIN ISLAND, Ala. — This island’s website couldn’t be blunter: “Dauphin Island is in a precarious position of being a barrier island, in essence an overgrown sandbar. This gives us a potential of being a disaster in the making. We have been hit by numerous hurricanes, Ivan, Frederic, Georges, Danny and many more!”…

National Wildlife Federation and the NFIP

Environmental groups have strong objections to the National Flood Insurance Program (NFIP) because it encourages development in fragile coastal environments. This testimony also mentions the proposed Multiple Peril Insurance Act which create a wind insurance program like the NFIP. Environmental groups oppose this because…

Introduction to the National Flood Insurance Program

In the late 1960s, the federal government set up a national flood insurance program to deal with the failure of the private market for flood insurance. (Failure in the sense that no one wanted to actuarially sound rates for flood insurance.) It…