New Problems for the National Flood Ins. Program Posted on August 27, 2017 by recoverydiva Hurricane Harvey Threatens Largest Flood Insurer. A federally underwritten program, already roughly $25 billion in debt from earlier storms, faces massive new claims Share this:TwitterFacebookLike this:Like Loading... Related
Will be interesting to see how many damaged structures actually have flood insurance versus properties with no coverage, especially in the Houston area. Also, do not forget the land use element of the program which according to FEMA save the nation close to 2 billion dollars a year in flood loses as a result of sound flood mitigation practices.