Flood Insurance

Publications

Risky business, reforming America’s flood insurance model
Marc Hyden

The Federal Emergency Management Agency (FEMA) has been under fire for years for its management of the National Flood Insurance Program (NFIP), which is the nation’s principal source of flood…

, E&E News
The flood insurance debate returns. Here’s what to expect
Jerry Theodorou

From E&E News:

The bipartisan measure has the backing of the Pew Charitable Trusts, the National Association of Mutual Insurance Companies, the Natural Resources Defense Council and the R…

Reps. Barr, Peters Reintroduce Bipartisan Bill to Discourage Costly Development in Flood-Prone Areas
Jerry Theodorou

From U.S. Congressman Andy Barr:

The bill is supported by Pew Charitable Trusts, National Association of Mutual Insurance Companies (NAMIC), Natural Resources Defense Council (NRDC) and R Street…

, Alera Group
Residential Flood Insurance: What Risk Rating 2.0 Means to You
R.J. Lehmann

From Alera Group:

That was largely because the maps used to classify flood zones took into consideration neither the development of land that once served as a natural sponge nor climate change…

, RealClearPolicy
Reduce Taxpayer Burdens from Flooding
Philip Rossetti

From RealClearPolicy:
Key Points
1) Many policies, like the National Flood Insurance Program (NFIP), are ironically incentivizing people to put themselves and their property at higher risk.

2)…

, Insurance Journal
Good Economic Policy is Good Resilience Policy
Philip Rossetti

When hurricanes or major storms strike the United States, most of the media coverage focuses on how climate change is exacerbating the intensity and frequency of major storms. But even as these…

It’s time to reduce taxpayer burdens from natural disasters
Corinne Day

WASHINGTON (March 17, 2021)—The value of coastal property continues to rise despite the increasing risk from extreme weather events. The current annual economic impact from hurricanes and…

Opportunities to Reduce Taxpayer Burdens from Hurricanes and Storm-related Flooding
Philip Rossetti

Executive Summary

The value of property at risk from extreme weather events, particularly on coastal lands, is rising. The current annual economic impact from hurricanes and storm-related flooding…

, WHRO
Virginians Could See Big Jumps In Flood Insurance Rates Soon
R.J. Lehmann

From WHRO:

As a result, the NFIP currently pays out more in claims than it receives in premiums. The program is now saddled with more than $20 billion in debt.

, Insurance Journal
Federal Flood Insurance Premiums Far From Keeping Up With Expected Losses
R.J. Lehmann

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…

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