Management and oversight of the National Flood Insurance Program : hearing before the Subcommittee on Housing and Community Opportunity of the Committee on Financial Services, U.S. House of Representatives, One Hundred Ninth Congress, first session, October 20, 2005.

Management and oversight of the National Flood Insurance Program: hearing before the Subcommittee on Housing and Community Opportunity of the Committee on Financial Services, U.S. House of Representatives, One Hundred Ninth Congress, first session, October 20, 2005.

National Flood Insurance Program: FEMA's Management and Oversight of Payments for Insurance Company Services Should Be Improved

In the wake of Hurricane Isabel in 2003, this is a report on issues related to the Nat. Flood Insurance Program (NFIP) & its oversight & mgmt. by the Fed. Emergency Mgmt. Agency (FEMA). Private insurance companies sell NFIP policies & adjust claims, while a private program contractor helps FEMA administer the NFIP. This report assesses: (1) the statutory & regulator limitations on coverage for homeowners under the NFIP; (2) FEMA's role in monitoring & overseeing the NFIP; (3) FEMA's response to concerns regarding NFIP payments for Hurricane Isabel claims; & (4) the status of FEMA's implementation of provisions of the Flood Insur. Reform Act of 2004. Impacts from Hurricane Katrina were not part of the report's scope. Tables.