Changing the National Flood Insurance Program for a Changing Climate
Congress established the National Flood Insurance Program (NFIP) in 1968 to reduce flood damages nationwide and ease the federal government’s financial burden for providing disaster recovery. To achieve this goal, the program was designed to perform three primary functions: (1) provide federally backed insurance to property owners and renters; (2) establish minimum requirements for building, land use, and floodplain management practices that local communities must adopt in order for their residents to be eligible to purchase NFIP insurance coverage; and (3) map high flood-risk areas th