SECCN: Reforming Property Insurance Policies
How Reforming Property Insurance Policies Can Better Protect People & The Environment
The National Flood Insurance Program (NFIP) has enabled excessive floodplain development by allowing risk to be socialized rather than held by the private insurance markets and reflected in the premiums paid by owners of high risk properties. There is growing support for property insurance reform because it presents a market driven, non-regulatory means of limiting coastal development in places where we should not be building. This webinar will focus on steps being taken at the federal level and in Florida to reform property insurance, limit government subsidies to new development in high risk areas, and the unusual coalition that has formed around these issues.