NFIP Is Not Well

From the ASFPM: NFIP Code Blue

“A Code Blue is a high-priority hospital alert signifying a patient is experiencing a life-threatening medical emergency, usually cardiac or respiratory arrest, requiring immediate resuscitation. Unfortunately, the National Flood Insurance Program (NFIP) is currently experiencing its own Code Blue.

The NFIP provides coverage to 4.7 million policyholders across 23,000 communities nationwide. In addition to insurance, the NFIP oversees floodplain management, flood hazard mapping, and flood mitigation to meet its statutory obligations. A small but dedicated federal staff carries out these functions by relying heavily on contracts, cooperative grants, arrangements, and other formal agreements with private insurers, state/local governments, and vendors. Ironically, this approach to administering the NFIP aligns with the Trump Administration’s priorities for state and local governments to play a more significant role in resilience and preparedness and for greater private sector involvement.”

Thanks to Chris Jones for the citation.

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