Flood Insurance Program Reauthorization
2023-04-29T02:20:20-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvNjFiXC8wMDFcLzE2ODI3NTAwNTRfMDAxLmpwZyIsImVkaXRzIjp7InJlc2l6ZSI6eyJmaXQiOiJjb3ZlciIsImhlaWdodCI6NTA2fX19David Maurstad, a Federal Emergency Management Agency (FEMA) official, testified on reauthorizing and improving the National Flood Insurance Program (NFIP). The hearing took place before the House Financial Services Subcommittee on Housing and Insurance. He said the key principles for improving the NFIP are making flood insurance more affordable, better communication of flood-risk to consumers, denying coverage to areas that have been repeatedly flooded, and instituting a sound and transparent financial framework. The NFIP is currently $20.5 billion in debt to the Treasury Department, and Mr. Maurstad recommended that this debt be canceled.
David Maurstad, a Federal Emergency Management Agency (FEMA) official, testified on reauthorizing and improving the National Flood Insurance… read more
David Maurstad, a Federal Emergency Management Agency (FEMA) official, testified on reauthorizing and improving the National Flood Insurance Program (NFIP). The hearing took place before the House Financial Services Subcommittee on Housing and Insurance. He said the key principles for improving the NFIP are making flood insurance more affordable, better communication of flood-risk to consumers, denying coverage to areas that have been repeatedly flooded, and instituting a sound and transparent financial framework. The NFIP is currently $20.5 billion in debt to the Treasury Department, and Mr. Maurstad recommended that this debt be canceled. close
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David I. Maurstad Assistant Administrator Federal Emergency Management Agency->Mitigation Directorate
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