Number: RL32972
Title: Federal Flood Insurance: The Repetitive Loss Problem
Authors: Rawle O. King, Government and Finance Division 
Abstract: This report traces the evolution of the NFIP and provides background information on the program. This is followed by a brief discussion of the problem of repetitively flooded properties and the mitigation program administered by FEMA. A summary of the major provisions in the Bunning-Bereuter-Blumenauer Flood Insurance Reform Act of 2004 is included. The report does not examine other important National Flood Insurance Program (NFIP) related issues involving coastal erosion, the Coastal Barriers Resources System, market penetration, lender compliance, and NFIP financial conditions and managing systems.
Pages: 41
Date: June 30, 2005