Flood Insurance: Public Policy Goals Provide a Framework for Reform: Congressional Testimony

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Our Price: $20.00

By Orice Williams Brown
Year: 2011
Pages: 19
Binding Paperback
ISBN 9781437982947

Product Code: 1437982948

Description

The National Flood Insur. Program (NFIP) had to borrow from the U.S. Treasury to cover losses from the 2005 hurricanes. The outstanding debt is $17.8 billion as of March 2011. This sizeable debt, plus operational and mgmt. challenges at FEMA, which administers NFIP, have kept the program on the high-risk list. NFIP’s need to borrow to cover claims in years of catastrophic flooding has raised concerns about the program’s long-term financial solvency. This testimony: 1) discusses ways to place NFIP on a sounder financial footing in light of public policy goals for fed. involvement in natural catastrophe insur.; and 2) highlights operational and mgmt. challenges at FEMA that affect the program. This is a print on demand report.

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