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Tag Archives: NFIP
Avoiding a Washed-Up Flood Insurance Program
The floods devastating Louisiana will cause millions, if not billions, of dollars’ worth of damage. Homeowners who opted to purchase flood insurance coverage for their property may be able to rely on the National Flood Insurance Program for help. Today … Continue reading
The National Flood Insurance Program: a High-Risk Business
The National Flood Insurance Program (NFIP) is a key component of the federal government’s efforts to limit the damage and financial impact of floods. However, it likely will not generate sufficient revenues to repay the billions of dollars borrowed from … Continue reading
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May 22, 2014
Tagged debt, Federal Emergency Management Agency, FEMA, financial solvency, flood, flood insurance, FMCI, GAO, government accountability office, high risk, homeland security, Hurricane Katrina, Hurricane Rita, loan, National Flood Insurance Program, NFIP, Treasury, Treasury Department, usgao
