The federal flood insurance program is scheduled to expire on Sept. 30, 2017. Here is one company's plan to offer private flood insurance as an alternative.
The National Flood Insurance Program is different from commercial insurance because all claims are paid from the treasury of the U.S. For that reason the NFIP is strictly construed by the federal courts.
Public-entity risk managers around the country are being forced to deal with the ongoing—and often dire—effects of the financial crisis, which has led to job losses, pay cuts and cutbacks in coverage.