United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2005-10-18 monographic deposited born digital 18 p. GA 1.13:GAO-06-174T https://www.govinfo.gov/app/details/GAOREPORTS-GAO-06-174T P0b002ee1803a285a f:d06174t DGPO 2010-08-12 2011-03-24 GAOREPORTS-GAO-06-174T machine generated eng fdlp REPORT GAOREPORTS-GAO-06-174T GAO-06-174T Flood insurance Insurance claims Insurance premiums Insurance regulation Monitoring Program evaluation Program management Property damage claims FEMA National Flood Insurance Program Hurricane Isabel Hurricane Ivan Hurricane Katrina Hurricane Rita Testimony A39737

The disastrous hurricanes that have struck the Gulf Coast and Eastern seaboard in recent years--including Katrina, Rita, Ivan, and Isabel--have focused attention on federal flood management efforts. The National Flood Insurance Program (NFIP), established in 1968, provides property owners with some insurance coverage for flood damage. The Federal Emergency Management Agency (FEMA) within the Department of Homeland Security is responsible for managing the NFIP. This testimony offers information from past GAO work on (1) the financial structure of the NFIP; (2) why the NFIP insures properties for repetitive flood losses and the impact on NFIP resources; and (3) compliance with requirements for mandatory purchase of NFIP policies. The testimony also discusses recommendations from a report GAO is issuing today on FEMA's oversight and management of the NFIP. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-06-174T/html/GAOREPORTS-GAO-06-174T.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-06-174T/pdf/GAOREPORTS-GAO-06-174T.pdf GAO-06-174T https://www.govinfo.gov/app/details/GAOREPORTS-GAO-06-174T Testimony GAO-06-174T; Federal Emergency Management Agency: Challenges Facing the National Flood Insurance Program; Flood insurance Insurance claims Insurance premiums Insurance regulation Monitoring Program evaluation Program management Property damage claims FEMA National Flood Insurance Program Hurricane Isabel Hurricane Ivan Hurricane Katrina Hurricane Rita Title 42 Section 4001 Title 42 Section 4016 42 U.S.C. 4001 42 U.S.C. 4016 Title 342 Section 4001(b)(2) 342 U.S.C. 4001(b)(2) Title 1342 Section 4014(a)(2) Title 1342 Section 4015(a) 1342 U.S.C. 4014(a)(2) 1342 U.S.C. 4015(a) Title 1442 Section 4014(a)(1) Title 1442 Section 4015(c) 1442 U.S.C. 4014(a)(1) 1442 U.S.C. 4015(c) Volume 118 Page 712 118 Stat. 712 Public Law 108-264 Public Law 109-65