National Flood Insurance Program: Background, Challenges, and Financial Status

King, Rawle O.

Library of Congress. Congressional Research Service.

关键词: Emergency management;    Finances;    Flood insurance;    Floods;    Emergency management -- Law and legislation;   

RP-ID  :  R40650
RP-ID  :  R40650_2012Jun12

美国|英语

来源: UNT Digital Library

【 摘 要 】

In 1968, Congress created the National Flood Insurance Program (NFIP) to address the increasing costs of taxpayer-funded disaster relief for flood victims and the increasing amount of damage caused by floods. This report provides an analysis of the NFIP and its financial status; summarizes the major challenges facing the program, including issues affecting its long-term financial solvency; presents some alternative approaches for managing and financing the flood losses; and describes pending legislation on this issue.