In 1968 the United States Congress passed a piece of legislation named the National Flood Insurance Act (NFIA). This legislation was brought about by a significant lack of privately available flood insurance and increasing federal expenses due to flooding across America. The NFIA is a federal program ran by the Federal Emergency Management Administration (FEMA). FEMA is responsible for managing the act’s 3 main purposes, which are to offer flood insurance to homeowners, businesses and renters, to manage America’s floodplains and to create maps of flood zones. The NFIA allows homeowners, businesses and renters living in an eligible community to purchase flood insurance to protect themselves from the rising financial impact that flooding causes
