The National Flood Insurance Program is unable to keep up with the pace of storms and sea level rise since Hurricane Katrina in 2005 and is now $24 billion in debt. Why then, do the same houses receive repeated payouts?
Mar 10, 2014 The Boston Globe
With the National Flood Insurance Program deeply in debt, homeowners are struggling to afford new insurance rates resulting from legislation passed in 2012. The House could still block the Senate bill that would delay more rate increases.
Jan 30, 2014 The Hill
As a 2012 law aimed reforming the "increasingly unsustainable" National Flood Insurance Program goes into effect, some homeowners in coastal areas are seeing dramatic increases in their insurance rates. Lawmakers are pondering how to ease the pain.
Oct 16, 2013 The New York Times
In the "Room for Debate" section of The New York Times, five experts debate whether the federal government should continue to subsidize the cost of coastal reconstruction in the aftermath of storms.
Nov 28, 2012 The New York Times
For anyone that's seen the shocking images of boardwalks ripped to shreds and homes and roller coasters now sitting in the ocean, its clear the Jersey Shore bore the brunt of Sandy. The debate has already begun as to whether the area should rebuild.
Nov 2, 2012 Salon
Half of the US population lives in coastal areas, but 100% of the population foots a portion of the insurance bill. And as storm event strength is trending upward with global warming, the inlanders are getting less excited about that payment stream.
Sep 9, 2011 PlaceShakers