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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.
The Bunning-Bereuter-Blumenauer Flood Insurance Reform Act of 2004 (Pub. L. 108–264 (text)) reformed the National Flood Insurance Program (NFIP) and the terms of the National Flood Insurance Act of 1968. It was designed to "reduce losses to properties for which repetitive flood insurance claim payments have been made."
Flood insurance is the specific insurance coverage issued against property loss from flooding. To determine risk factors for specific properties, insurers will often refer to topographical maps that denote lowlands , floodplains and other areas that are susceptible to flooding.
The National Flood Insurance Act of 1968 is a federal law in the United States that was enacted as Title XIII of the Housing and Urban Development Act of 1968 and signed into law by President Lyndon B. Johnson that led to the creation of the National Flood Insurance Program (NFIP). [1] [2]
The risk-based cost of insurance for your home may be a more accurate estimate of your flood insurance cost through the NFIP. As a point of comparison, the national risk-based premium is $1,808 ...
One study published this year found that following a flood disaster declaration, local insurance takeup increases 7% in the next year, then dwindles. Five years later, the demand is gone. Five ...
The Act amended the National Flood Insurance Act of 1968 to increase from $20.725 billion to $30.425 billion the total amount of notes and obligations (i.e. federal borrowing authority) which may be issued by the Administrator of the Federal Emergency Management Agency (FEMA), with the President's approval, for the National Flood Insurance Program.
Flood control in the Netherlands is a national policy priority, since about two-thirds of the country is vulnerable to flooding and the whole country is densely populated. Natural and man-made sand dunes along the sea coast, man-made dikes , dams and floodgates , among which the Delta Works , ( Dutch : Deltawerken ) provide defense against high ...