Flood disasters represent the number one natural catastrophe in the US, and the NFIP
plays a critical role in helping Americans recover from these events, said Mr.
Residents of NFIP
communities are eligible to buy flood insurance from the federal government at premiums dictated by factors that include what kind of floodplain the structure is located on and how elevated the structure is.
was created more than 45 years ago to provide a source of sustainable flood insurance for residential and non-residential properties.
As of July 31, South Carolina had 199,540 NFIP
policies in force, with written premium in force of $133.
In addition, most Florida communities participate in the NFIP
Congress created the NFIP
in 1968, when private flood insurance generally was not available.
The bill does not only reauthorize the program; it also contains essential reforms to move the NFIP
towards fiscal health.
Congressional action is needed to increase the financial stability of NFIP
and limit taxpayer exposure.
The city is allotted points for floodplain management activities that exceed the NFIP
requirements in four categories: Public Information, Mapping and Regulations, Flood Damage Reduction and Flood Preparedness.
1) Lack of nationwide data on the number of properties in floodplains hinders a complete assessment of NFIP
But Super Fudge Chunk Township, which exists uphill and upstream from Flood Borough, doesn't participate in the NFIP
To improve the solvency of the program and its attractiveness to potential policyholders, NAHB supports the following reforms to allow the Federal Emergency Management Agency and the NFIP
to better adapt to changes in the marketplace: