Government Information

Earl Gregg Swem Library

The National Flood Insurance Program: Financial Soundness and Affordability

Categories: Govt Finance,Headlines,Weather/Disasters

https://www.cbo.gov/system/files/115th-congress-2017-2018/reports/53028-nfipreport2.pdf

Examines the financial soundness of the Flood Insurance Program and its affordability for policyholders.  The program, launched in 1968, collected premiums in August 2016 that fell short of the program’s expected costs by $1.4 billion, mostly from policies in coastal counties.  From the Congressional Budget Office