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2. National Flood Insurance Program - Wikipedia

   en.wikipedia.org/wiki/National_Flood_Insurance...

   The National Flood Insurance Program (NFIP) is a program created by the Congress of the United States in 1968 through the National Flood Insurance Act of 1968 (P.L. 90-448). The NFIP has two purposes: to share the risk of flood losses through flood insurance and to reduce flood damages by restricting floodplain development.

3. Thousands of US communities forgo federal flood insurance - AOL

   www.aol.com/thousands-us-communities-forgo...

   The federal government has been working for over a decade to support the development of a private flood insurance market. People in communities where NFIP coverage isn't available may be able to ...

4. Flood insurance - Wikipedia

   en.wikipedia.org/wiki/Flood_insurance

   However, claimants far outnumber the availability of flood insurance, since most private insurers view the probability of generating a profit from related premium payments to be remote. [5] In certain flood-prone areas, the federal government requires flood insurance to secure mortgage loans backed by federal agencies such as the FHA and VA.

5. Understanding FEMA’s Risk Rating 2.0 system for flood insurance

   www.aol.com/finance/understanding-fema-risk...

   The average annual cost of flood insurance from the NFIP was $700 per year, but under the new system policyholders pay on average $800. Risk Rating 2.0 considers a host of variables that weren’t ...

6. Homeowner Flood Insurance Affordability Act of 2014

   en.wikipedia.org/wiki/Homeowner_Flood_Insurance...

   The federal government heavily underwrites the flood insurance rates for these areas. The law "ordered FEMA to stop subsidizing flood insurance for second homes and businesses, and for properties that had been swamped multiple times." [6] These changes were to occur gradually over the course of five years. FEMA was also instructed to do a study ...

7. What is flood insurance, and why do you need it? - AOL

   www.aol.com/flood-insurance-why-181342902.html

   Gov. Kathy Hochul warned of “life-threatening flooding,” and nearby West Point saw a 1-in-1000-year rainfall on Sunday afternoon, totaling nearly eight inches in six hours. Some drivers swam ...