Letters to Congress: AFR Letter to Congress on the Importance of the National Flood Insurance Program

Americans for Financial Reform along with ten undersigned partner organizations write in support of legislative efforts to reform the National Flood Insurance Program (NFIP) to improve insurance affordability, expand coverage, and promote resilience. The NFIP is a critical program that protects households across the country from economic devastation from flooding and allows them to rebuild and recover when disaster strikes. Climate change is unfortunately making flooding events more severe, more frequent, and less predictable, and this trend will continue for decades to come. More and more communities face levels of risk that they were not built to withstand, and this rising risk has translated to losses that have put pressure on both households across the country and the NFIP itself.