Time1:30PM3:30PM EST LocationCEC-Flamingo, 4200 54th Avenue South, St. Petersburg, FL, 33711
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Drowning In Unintended Consequences

The National Flood Insurance Program was established 50 years ago to provide coverage that private insurers would not; to reduce the nation’s reliance on post-hoc disaster assistance; to provide incentives for communities to invest in mitigation; and to be self-sustaining. It has not been self-sustaining, as the program has been forced to borrow nearly $40 billion from the U.S. Treasury over the past decade and a half. Disaster spending continues to grow, with more than 90 percent of all federally declared disasters involving floods.

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