Can FEMA’s Flood Insurance Program afford another disaster?

Floods cause more damage each year in the United States than any other kind of natural disaster — so much more, in fact, that most private insurance companies stopped offering flood insurance decades ago. In 1968, the federal government stepped in, creating the National Flood Insurance Program. The program is run today by the Federal Emergency Management Agency.

Over the last 11 years, the program has fallen billions in debt; a 2015 report from the Government Accountability Office said it was unlikely to be able to repay the money it has borrowed from taxpayers…Please click here to read Katie Worth and Dan Nolan’s story on Frontline.