Midwest Flooding Disaster: Rethinking Federal Flood Insurance?

Description

This report examines the impact of the 2008 Midwest floods on the National Flood Insurance Program (NFIP) in the context of congressional efforts to reauthorize and modify the program before its authorization expires on September 30, 2008. The report begins with an assessment of the risk of flooding in the United States and why Congress might move to rethink the current multifaceted approach to federal flood insurance. The report concludes with lessons learned from the 1993 and 2008 Midwest floods, and an analysis of the NFIP's current financial conditions and major policy issues, as well as a summary of legislative ... continued below

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King, Rawle O. August 11, 2008.

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This report is part of the collection entitled: Congressional Research Service Reports and was provided by UNT Libraries Government Documents Department to Digital Library, a digital repository hosted by the UNT Libraries. More information about this report can be viewed below.

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  • King, Rawle O. Analyst in Financial Economics and Risk Assessment; Government and Finance Division

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Description

This report examines the impact of the 2008 Midwest floods on the National Flood Insurance Program (NFIP) in the context of congressional efforts to reauthorize and modify the program before its authorization expires on September 30, 2008. The report begins with an assessment of the risk of flooding in the United States and why Congress might move to rethink the current multifaceted approach to federal flood insurance. The report concludes with lessons learned from the 1993 and 2008 Midwest floods, and an analysis of the NFIP's current financial conditions and major policy issues, as well as a summary of legislative proposals pending before the 110th Congress.

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Congressional Research Service Reports

The Congressional Research Service (CRS) is the public policy research arm of Congress. This legislative branch agency works exclusively for Members of Congress, their committees and their staff. This collection includes CRS reports from the mid-1970's through the present--covering a variety of topics from agriculture to foreign policy to welfare.

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  • August 11, 2008

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  • Dec. 5, 2014, 9:57 a.m.

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King, Rawle O. Midwest Flooding Disaster: Rethinking Federal Flood Insurance?, report, August 11, 2008; Washington D.C.. (digital.library.unt.edu/ark:/67531/metadc461999/: accessed December 13, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.