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Flood Insurance — A Desperate Need for Reform

from PIA Western Alliance

Congress still hasn't renewed the National Flood Insurance Program (NFIP). It expired on September 30th last year and since then has been temporarily extended five times. The program needs some permanent solutions and needs them quickly. The Federal Emergency Management Agency (FEMA) runs the NFIP. It is close to $30 billion in debt and — since Congress won't act — FEMA wants to start making changes to the program. Here are some of the changes. more

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