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Author: Matt Behnke
On Aug. 1, 1968, the U.S. Congress implemented the National Flood Insurance Act that created the National Flood Insurance Program (NFIP) and the Federal Insurance Administration within the Department of Housing and Urban Development to provide flood insurance in communities that voluntarily adopt and enforce floodplain management ordinances, which meet minimum NFIP requirements.A lot has happened since the inception of the NFIP. During the last 50 years, the program has identified flood hazards by mapping over 1 million miles of riverine and coastal areas; provided over $1 billion dollars in...
Posted On: August 1, 2018