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FEMA Mandatory Flood Insurance ‘Not Effective,’ Report Says

The Federal Emergency Management Agency should not extend its mandatory flood insurance program to areas without levees and needs a more modern approach to analyzing and managing flood risk behind levees, says a report from the National Research Council. The report says purchasing flood insurance is an effective way for … Read more »

Policy & Enforcement Briefing: Hurricane Sandy, BP, Sulfur Limits, Chinese Mining

In assessing the aftermath of Hurricane Sandy, insurance industry analysts say that the government’s national flood insurance program is already $20 billion in debt since 2005’s Hurricane Katrina. It is expected that Sandy will exhaust the NFIP’s remaining $3 billion of statutory borrowing authority, and the program will need to request … Read more »