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Podcast: Cato Event Podcast
Episode: The National Flood Insurance Program, Zoning Regulations, and Hurricanes: Lessons for Lawmakers
Description: This September, Congress will work to reauthorize the expiring National Flood Insurance Program (NFIB). This effort comes on the tail of the worst flooding in Texas history after Hurricane Harvey dropped an estimated 27 trillion gallons of rainfall around the Gulf Coast causing catastrophic damage to both lives and property.In this environment, what should Congress understand as it undertakes reforms to the flood insurance program? The magnitude and depth of the program's insolvency, arbitrary actuarial standards, and restrictive competitive road blocks all bedevil the effective operation of the NFIB. Are there promising avenues for reforms that would...