[ Originally published 11/08/2011 ]
By Charles T. Young, Jr.
The East Coast recently suffered unprecedented flooding problems as a
result of Hurricane Lee, and these problems have created new interest
in the availability and coverage provided by flood insurance.
Congress created the...
The Biggert-Waters Flood Insurance Reform Act of 2012
In 2012, Congress passed a law to reform the National Flood Insurance Program (NFIP) to make the program self-supporting without federal subsidies. Specifically, the law called for local flood maps to be updated. Existing subsidies and discounts...