National Flood Insurance Program
New Study Reveals Massive, Unaccounted Flood Risk
The Federal Emergency Management Agency undercounts the humber of homes at substantial risk of flooding by some 70 percent, according to a report released this week.
Where Cities Flout Flood Protection Rules, the Public Still Subsidizes Insurance
An investigation by the New York Times reveals the ongoing neglect of flood considerations in developing parts of the United States—practice that comes with large costs to the taxpaying public.
Post-Harvey Homeowners Face an 'Army of Speculators'
In Houston, investors are snapping up damaged homes that will be dependent on flood insurance.
Hurricane Harvey and the Failure of the National Flood Insurance Program
Houston's most recent natural disaster is only the latest example of how a program created to help homeowners has been a greater benefit to the industries that profit from them.
How the National Flood Insurance Program Sabotaged Itself
Having charged low rates during years of bumper development, the National Flood Insurance Program worked at cross-purposes with itself while development continued on.
Rebuilding Houston After Harvey: 'Bigger and Better'
Those were the words President Trump expressed before his first trip to Texas while Hurricane Harvey was ravaging Houston. But experts worry that the rebuilding won't be better due to the recision of an Obama-era environmental regulation.
Insurance Industry Reacting as Flooding Moves From Risk to Certainty
Federal legislation and rising sea levels are changing the way homes are insured against flooding. According to this feature article, in fact, flood insurance "is serving as a kind of advance scout into a more difficult future."
Can Insurance Markets Jump-Start Resilience?
Risk-management experts are seeking creative ways to finance resilience investments that prevent damage from natural disasters. Insurance markets, with their direct stake in protecting homes and businesses, can be key partners in this effort.
Texas Flooding a Reminder of Lack of Climate Change Preparation
Houston headlined the news of flooding this week, but swollen rivers rushed over their banks and onto roads and into homes all over the state of Texas this week. Is the state's infrastructure resilient enough for the effects of a changing climate?
New York Department of City Planning Releases Flood Retrofitting Manual
As federal law shifts to address resilience in post-Hurricane Sandy New York, the Department of City Planning has released a new manual to help residents and landowners understand options for retrofitting their buildings to prepare for floods.
Questioning the National Flood Insurance Program’s Repeat Payouts
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?
Congress Still Exploring Fix for Flood Insurance Expenses
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.
Effort to Rein in Federal Flood Insurance Program Causing Alarm
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.
Should Taxpayers Fund the Rebuilding of Coastal Communities?
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.
Should the Jersey Shore Rebuild?
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.
Disaster Planning, Politics, and Payment
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.
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