| FloodMart News Summary: FEMA’s National Flood Insurance Program |
| Key Fact |
Details |
Impact |
| Program Overview |
Established in 1968; offers flood insurance to 22,000+ communities. |
Provides financial relief after floods. |
| Cost of Flood Damage |
Average claims: $40,000; uninsured costs: $100,000+ |
Highlights the need for coverage. |
| Resilience Measures |
Communities must adopt floodplain management regulations. |
Reduces overall damage and speeds recovery. |
| Challenges |
Limited awareness of flood insurance necessity. |
FEMA increases outreach in high-risk areas. |
In an era of increasingly severe and frequent flooding events, FEMA’s National Flood Insurance Program (NFIP) has emerged as a vital resource for homeowners, renters, and businesses. Established in 1968, the NFIP provides flood insurance to property owners in communities
