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Congressional Research Service: 'Options for Making National Flood Insurance Program More Affordable' (Part 1 of 3)

Congressional Research Service: 'Options for Making National Flood Insurance Program More Affordable' (Part 1 of 3)
insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.

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The National Flood Insurance Program: Drowning in Debt and Due for Phase-out

The federal government issues virtually all primary flood insurance for homeowners and businesses, and the National Flood Insurance Program (NFIP) owes nearly $25 billion to the U.S. Treasury and taxpayers for covering claims. Beyond this alarming debt, the NFIP cannot keep up with risk assessments and its subsidies actually promote development in flood zones, which worsens the devastation of natural disasters. Congress is now debating reforms to the NFIP. The best course of action is to phase out the deeply flawed program and enable private insurance to replace it. ....

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Locals begin to see flood insurance rate increases

A new federal flood insurance rate program that will drastically increase rates for some Florida Keys property owners goes into effect this month for existing policyholders. ....

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Page A1 | e-Edition | keysnews.com

Page A1 | e-Edition | keysnews.com
keysnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from keysnews.com Daily Mail and Mail on Sunday newspapers.

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New flood insurance program could cause steep rate increases

New flood insurance program could cause steep rate increases
keysnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from keysnews.com Daily Mail and Mail on Sunday newspapers.

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