From Insurance Journal :
Given the threat of sea-level rise, NFIP policymakers should rethink policies that encourage development in flood-prone regions, according to the Washington, D.C. think tank R Street.
R Street has proposed that the NFIP cease writing coverage for new construction  in 100-year floodplains and that NFIP rates for any new construction should be adjusted to reflect future changes in assessments of flood risk. The study, Do No Harm: Managing Retreat By Ending New Subsidies , says that climate change will exacerbate the financial problem, as sea-level rise turns what once were 1-in-100-year floods into 1-in-10-year or even annual floods.
- “Insurance Journal”: https://www.insurancejournal.com/news/national/2021/02/22/602212.htm
- “NFIP cease writing coverage for new construction”: https://www.insurancejournal.com/news/national/2020/02/20/558919.htm
- “Do No Harm: Managing Retreat By Ending New Subsidies”: https://www.rstreet.org/2020/02/20/do-no-harm-managing-retreat-by-ending-new-subsidies/