CT 3.0 hours Floods and other Natural Hazards - Course Syllabus
3.0 Elective Hours
The National Flood Insurance Program (NFIP) is a federal program with voluntary participation by communities. To join, a community agrees to adopt, administer and enforce a floodplain management ordinance that meets or exceeds the minimum requirements. When communities participate in the NFIP, property owners and renters can buy flood insurance to help deal with losses from flooding.
In the face of mounting flood losses and rising disaster relief costs Congress passed the National Flood Insurance Act of 1968. The intent was to reduce future flood damage through local floodplain management and to have people who live at risk help pay for their recovery through an insurance mechanism.
From 1968 until the adoption of the Flood Disaster Protection Act of 1973, the purchase of flood insurance was voluntary. However, in 1973 Congress decided to make flood insurance a requirement for many properties.
The purpose of the National Flood Insurance Reform Act of 1994 was to improve the financial condition of the NFIP and reduce federal expenditures for disaster assistance to flood-damaged properties.
On July 6, 2012, the Biggert-Waters Flood Insurance Reform Act of 2012 was signed into law. In addition to reauthorizing the National Flood Insurance Program through September 30, 2017, the bill brought several substantive changes to the program.
This course covers the National Flood Insurance Program (NFIP). Acts discussed in this course include the National Flood Insurance Act of 1968; Flood Disaster Protection Act of 1973; National Flood Insurance Reform Act of 1994; and the Biggert-Waters Flood Insurance Reform Act of 2012.