The National Flood Insurance Program is Underwater and Congressional Action is Needed
Kevin Fish – The National Flood Insurance Program (“NFIP”) provides flood insurance that is subsidized and operated by the Federal Emergency Management Agency (“FEMA”). The NFIP was created in 1968 by Congress in response to immense damage caused by Hurricane Betsy in Florida. It became clear that private insurance companies did not contain the resources or stomach to […]
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