A bipartisan bill to reform the National Flood Insurance Program is moving through committee, with provisions to cap premium increases and improve flood mapping accuracy.
The NFIP has been operating on short-term extensions for years. Reform advocates say long-term solvency requires risk-based pricing combined with means-tested subsidies for low-income homeowners.
Private flood insurers continue to expand their offerings, often providing broader coverage than NFIP at competitive prices for homes outside the highest-risk zones.
