Severe flooding has placed more focus on the federal flood insurance program Devastating floods in Missouri and Texas have highlighted, yet again, the problems that exist with the National Flood Insurance Program. In December, floods throughout the Midwest and Southwest caused several millions of dollars in property damage, as well as claiming more than 40 lives. The damage caused by these disasters has added to the financial strain that the National Flood Insurance Program is facing. The federal program is currently $23 billion in debt, with lawmakers failing to resolve…
Read MoreDisasters place more attention on the National Flood Insurance Program
