Viewpoint: Fixing America’s Flood Insurance Problem in 5 Steps

The National Flood Insurance Program (NFIP) was originally created by Congress to transfer U.S. flood insurance risk to private insurers. However, in 1978, (when private insurance carriers assumed over 40 percent of the nation’s flood insurance risk), NFIP administrators used …

from News – Insurance Journal http://bit.ly/2Fdxjev