GAO Report: FEMA's Rate-Setting Process Warrants Attention
Flood Insurance: FEMA’s Rate-Setting Process Warrants Attention, GAO-09-12, October 31, 2008 “Questions about the financial status of the National Flood Insurance Program (NFIP) have increased since the 2005 hurricanes, which left the program with an unprecedented $17.4 billion deficit–a debt that resulted in GAO placing NFIP on its high-risk list in March 2006. Among the …