Flooding disasters have occurred with increasing frequency in recent years, destroying homes and taking lives. In 2014, floods in the U.S. caused nearly $3 billion in damage and took 38 lives. But when it comes to property damage, the federal government is often left with the bulk of the bill. The National Flood Insurance Program (NFIP)—the federal program charged with supporting communities vulnerable to floods—mandates insurance for any vulnerable homeowner, no matter how poorly located or built their home is.
Similar Stories to Exclusive: This Law Could Stem The Rising Costs Of Flooding on Bing News
Justin Worland, Time
Wed, 09/28/2016 - 3:04pm
Topics: u.s the national flood insurance program nfip)—the treasury repeatedly flooded communities preparation act why lsquo;once-in-a-lifetime&rsquo flooding keeps happening properties pew charitable trusts national association insurance commissioners alabama it s phyllis cuttino pew there flooding gilgamesh&mdash national oceanic atmospheric administration noaa water astrid caldas union concerned scientists new york city will be flooded more often gradual americans democrats&mdash repetitive representative earl blumenauer blumenauer oregon democrat california republican congressman ed royce policy president obama hard math warming world one susan rochford legrand flood insurance a read the noaa more exclusive costs legislation federal government climate years billion man-made number change due damage million local home level sea built storm plans homes bulk bill coastal experts lives reduce bipartisan matter floods aimed vulnerable key rise building paid require rebuild frequent face experience addressing rebuilding report sponsored year people vapor focuses elevation
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