Affordability of National Flood Insurance Program Premiums
National Academies of Sciences, Engineering, and Medicine, Division on Engineering and Physical Sciences, Division on Earth and Life Studies, Water Science and Technology Board, Division of Behavioral and Social Sciences and Education, Committee on National Statistics, Board on Mathematical Sciences and Their Applications, Committee on Affordability of National Flood Insurance Program PremiumsWhen Congress authorized the National Flood Insurance Program (NFIP) in 1968, it intended for the program to encourage community initiatives in flood risk management, charge insurance premiums consistent with actuarial pricing principles, and encourage the purchase of flood insurance by owners of flood prone properties, in part, by offering affordable premiums. The NFIP has been reauthorized many ...
When Congress authorized the National Flood Insurance Program (NFIP) in 1968, it intended for the program to encourage community initiatives in flood risk management, charge insurance premiums consistent with actuarial pricing principles, and encourage the purchase of flood insurance by owners of flood prone properties, in part, by offering affordable premiums. The NFIP has been reauthorized many ...
