Flood Insurance Mired in Drama
January 7, 2019
Soon after Congress took the tentative step of reauthorizing the National Flood Insurance Program through May 2019, the agency that runs the program announced that it would not issue or renew any policies during the government shutdown, throwing the real estate market into a tizzy. But even as legislators look for ways out of this drama, the fact remains that the program badly needs reform, as a decision-sciences expert wrote recently in Issues, proposing a set of improvements to make it more cost-effective, more equitable, and more appealing to property owners.