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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.
Flood damage to homes and businesses in affected communities is extensive. Since many affected communities are participants in the federal program, the NFIP could cover those losses, at least in part.
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]
Only 1.3 percent of all homes and buildings in Maine are covered under the National Flood Insurance Program, a number that has declined by 25 to 30 percent since 2009, ...
"The National Flood Insurance Program Premium Transparency Act is a critical step forward in empowering property owners with the information they need to understand their flood risk and make ...
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.
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