From the Congressional Research Service, this 3-page report: What Happens If the National Flood Insurance Program (NFIP)Lapses?
Recovery Diva
Long-Term Recovery from Disasters
From the Congressional Research Service, this 3-page report: What Happens If the National Flood Insurance Program (NFIP)Lapses?
Recovery Diva 
From the economic perspective, the NFIP is NOT insurance but rather a subsidy. Otherwise the program’s premiums and disbursements would self-liquidate. Today, the program is an infection.
If FEMA’s Special Flood Hazard Areas were not artificial, an array of private insurers would have developed this market.
Flood Mitigation Assistance Grants – with emphasis on “assistance” – are valuable tools to help the political subdivisions develop viable programs.
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