Government-subsidized flood insurance premiums are about half of full-risk price

By Laurel Adams

Repeat flooded properties rose 73 percent in a decade

Excerpts from this story referencing "flood insurance":

"… -section of the country raises fresh questions about government-subsidized flood insurance.The National flood insurance Program, run by FEMA, provides subsidized flo …"

"… nce.The National flood insurance Program, run by FEMA, provides subsidized flood insurance to policyholders living in flood-prone regions. In 2005, the program had t …"

"… federal assistance needed after a disaster.Virtually no private market for flood insurance exists for most residential and commercial properties. Unlike private insu …"

"… loans from federally insured or regulated lenders are required to purchase flood insurance, as few as 50 percent of the properties had flood insurance in 2006.  …"

We can’t afford another flood

By The Center for Public Integrity

The National Flood Insurance Program might not have enough insurance to cover another Katrina