National Flood Insurance Act of 1968
The NFIP goals are two-fold:
• To provide flood insurance for structures and contents in communities that adopt and enforce an ordinance outlining minimal floodplain management standards.
• To identify areas of high and low flood hazard and establish flood insurance rates for structures inside each flood hazard area.
The act was motivated by a long history of property damage and loss of life due to flooding. The legislation was finally promulgated because of the recent flood loss sustained in Florida and Louisiana following the destruction caused by the Hurricane Betsy flood surge in 1965.
- ^ a b Haddow, George D. and Jane A. Bullock, 2003, Introduction to Emergency Management, Amsterdam: Butterworth-Heinemann, ISBN 0-7506-7689-2
- ^ FEMA, Actuarial Rate Review, National Flood Insurance Program,Thomas L. Hayes, Federal Insurance and Mitigation Administration Randall A. Jacobson, NOVEMBER 30, 2001www.fema.gov/pdf/nfip/rate_rev01.pdf
- ^ Wright, James M., The Nation's Response to Flood Disasters: A Historical Account. 1 Apr 2000.
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