InsuranceActs

Homeowners:  Since 1978, the federal flood insurance program has paid out over $11.6 billion in claims. Up to 25 percent of that went to owners of flood damaged property located outside of designated "flood prone" areas. Read on for the basics of the federal flood insurance program. About the National Flood Insurance Program Congress created the National Flood Insurance Program (NFIP) in 1968 as the government's response to the rising cost of taxpayer funded disaster relief for flood victims and the increasing amount of damage caused by floods. The Federal Emergency Management Agency...