The National Flood Insurance Program: Factors Affecting Actuarial Soundness

http://www.cbo.gov/ftpdocs/106xx/doc10620/11-04-FloodInsurance.pdf

The national flood insurance program has been self-sustaining in the past, but it had to borrow $17 billion from the federal treasury to pay claims after the hurricanes of 2005. This report examines the financial health of the flood insurance program. From the Congressional Budget Office.

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