National Flood Insurance Act of 1968

The National Flood Insurance Act of 1968 is a piece of legislation passed in the United States that led to the creation of the National Flood Insurance Program (NFIP).[1]

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.[2]

The act was motivated by a long history of property damage and loss of life due to flooding.[3] 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.[1]

References

  1. ^ a b Haddow, George D. and Jane A. Bullock, 2003, Introduction to Emergency Management, Amsterdam: Butterworth-Heinemann, ISBN 0-7506-7689-2
  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
  3. ^ Wright, James M., The Nation's Response to Flood Disasters: A Historical Account. 1 Apr 2000.



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