| Search

Quick Contact

Osher Lifelong Learning Institute
at Eckerd College
4200 54th Avenue South
St. Petersburg, FL 33711

local: (727) 864-7600

Monday-Thursday 9:00am-3:30pm

Download PDF catalog
Print Course information
E-mail to a friend
Return to Course Catalog


Drowning in Unintended Consequences  

The National Flood Insurance Program was established 50 years ago to provide coverage that private insurers would not; to reduce the nation's reliance on post-hoc disaster assistance; to provide incentives for communities to invest in mitigation; and to be self-sustaining. It has not been self-sustaining, as the program has been forced to borrow nearly $40 billion from the U.S. Treasury over the past decade and a half. Disaster spending continues to grow, with more than 90 percent of all federally declared disasters involving floods.