Flood Insurance Program Leaves Agents Confused and Flood Communities Heartbroken
The Federal government’s National Flood Insurance Program held a lot of promise but in the recent past, things seem to have gone horribly wrong. Now the highly anticipated changes that were expected to address the growing Program deficit have been delayed. For agents serving customers inhabiting river towns, this is a crippling blow as they […]
What Measures are Required to Encourage Private Insurers to Provide Flood Insurance?
Private insurers want to provide flood insurance. However, neither the political administration in the US nor the consumers seem to be interested in full-cost based insurance plans. The National Flood Insurance Program (NFIP) has run up a debt of $24 billion. This has forced taxpayers to demand the elimination of subsidized premium rates and active […]
