Privatizing flood insurance could lead to new code requirements

One thing that could pave the way toward private flood insurance would be NFIP reforms, like requiring new construction in flood-prone areas to be elevated.

February 23, 2012

With the federally run National Flood Insurance Program now $17.8 billion in debt, there is likely to be renewed discussion about privatizing the program. One thing that could pave the way toward private flood insurance would be NFIP reforms, like requiring new construction in flood-prone areas to be elevated.

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