Flood Insurance:

Information on the Financial Condition of the National Flood Insurance Program

GAO-01-992T: Published: Jul 19, 2001. Publicly Released: Jul 19, 2001.

Contact:

Stanley J. Czerwinski
(202) 512-6520
contact@gao.gov

 

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Floods have been, and continue to be, the most destructive natural hazard in terms of economic loss to the nation, according to the Federal Emergency Management Agency. From fiscal years 1969 through 2000, the National Flood Insurance Program--a major federal effort to provide flood disaster assistance paid about $10 billion in insurance claims, primarily from premiums collected from program policy holders. This testimony discusses (1) the financial results of the program's operations since fiscal year 1993, (2) the actuarial soundness of the program, and (3) the impact of repetitive losses and FEMA's strategies for reducing those losses.

Jun 6, 2014

May 14, 2014

May 9, 2014

Feb 6, 2014

Jan 22, 2014

Jan 15, 2014

Sep 18, 2013

Aug 26, 2013

Jul 3, 2013

Looking for more? Browse all our products here