The National Flood Insurance Act of 1968 established NFIP as an alternative to providing direct disaster relief after floods.9 9Pub. L. No. 90-448, Title XIII, 1302, 82 Stat. 476, 572 (Aug. 1, 1968). NFIP, which makes federally backed flood insurance available to residential property owners and businesses, was intended to reduce the federal government's escalating costs for repairing flood damage after disasters. Floods are the most common and destructive...
Related Subjects
Reference