National flood insurance program : issues in the 103rd Congress.
Material type:
TextLanguage: ENG Series: CRS Issue brief (Congressional Research Service)Publication details: 1993Edition: Updated edDescription: [15] pSubject: The National Flood Insurance Program (NFIP) was enacted in 1968 with the intent of limiting the burdensome cost of flood control and disaster relief expenditures. The program was designed to control unwise development in the flood plain and to provide affordable, pre-funded, insurance protection for existing residential property and new or improved property constructed to flood-resistant standards. The justification for the insurance program was: 1) that it was necessary to limit the need for repeated supplemental aid appropriations for flood disasters; and 2) that flood insurance was not commercially available through normal insurance marketing channels. The program has been amended a number of times. In spite of frequent congressionally mandated modifications over the years of its existence, the NFIP is perceived by many as flawed. Critics maintain that one of the principal problems is that considerable at-risk property is not covered. There are approximately 10 million structures in known flood-hazard areas, but only about 2 million are actually covered by NFIP policies
| Item type | Current library | Collection | Call number | Status | Date due | Barcode | |
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Books
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Australian Emergency Management Library | BOOK | 368.1220973 NAT (Browse shelf(Opens below)) | Available | 005731436 |
"Congressional Research Service. The Library of Congress"
The National Flood Insurance Program (NFIP) was enacted in 1968 with the intent of limiting the burdensome cost of flood control and disaster relief expenditures. The program was designed to control unwise development in the flood plain and to provide affordable, pre-funded, insurance protection for existing residential property and new or improved property constructed to flood-resistant standards. The justification for the insurance program was: 1) that it was necessary to limit the need for repeated supplemental aid appropriations for flood disasters; and 2) that flood insurance was not commercially available through normal insurance marketing channels. The program has been amended a number of times. In spite of frequent congressionally mandated modifications over the years of its existence, the NFIP is perceived by many as flawed. Critics maintain that one of the principal problems is that considerable at-risk property is not covered. There are approximately 10 million structures in known flood-hazard areas, but only about 2 million are actually covered by NFIP policies
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