“From its inception and until recently, the best thing the National Flood Insurance Program had going for it was a run of good luck. Even with such good fortune, however, the program could not avoid running in the red on some occasions.”
– Sen. Richard Shelby, R-Ala., chair of the U.S. Senate Committee of Banking, Housing and Urban Affairs, discussing the need for National Flood Insurance Program reform.
Was this article valuable?
Here are more articles you may enjoy.
Space Startups Seek Insurance for Orbital AI Data Centers 
Wanted: War-Zone Divers to Scrape Barnacles From Ships in Persian Gulf 
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says 
Intersecting Risks and the Future of Construction Insurance From This Issue
