In this March 31, 2010 file photo, water encircles homes from the flooded Pawtuxet River in West Warwick, R.I. (AP Photo/Charles Krupa, File)

Draft legislation reauthorizing and reforming the National Flood Insurance Program (NFIP) released over the weekend by House Republicans opens the door to privatization of the program.

The provision says that within 18 months, the Federal Emergency Management Agency (FEMA) should conduct separate studies on privatizing the NFIP and make reports to Congress on the issue.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.