Why the government’s flood insurance program is underwater

Major flooding events are increasingly common across the U.S., but homeowners looking for flood insurance will find few choices. The main providers of flood insurance is the U.S. government through the National Flood Insurance Program, or NFIP. But even though the NFIP is one of the only flood insurance games in town, it's drowning in debt. On today's episode, the NFIP's struggle to stay afloat.
Related listening:
Hazard maps: The curse of knowledge (Apple / Spotify)
When insurers can’t get insurance
Flood money
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(Image credit: Scott Olson)

Original Article