The costly, unintended consequences produced by the National Flood Insurance Program
Since the creation of the National Flood Insurance Program (NFIP) in 1968, the U.S. government has paid over $51 billion to cover flood losses. Almost half of these payouts went to just 25 counties, among the fastest-growing counties by population. A new paper published in the Journal of the Association of Environmental and Resource Economists examines whether insuring people against potential flood losses contributes directly to population growth in flood-prone areas. In “Does the National Flood Insurance Program Drive Migration ...









