<description>Major flooding events are increasingly common across the U.S., but homeowners looking for flood insurance will find few choices. The main providers of flood insurance is the U.S. government through the National Flood Insurance Program, or NFIP. But even though the NFIP is one of the only flood insurance games in town, it's drowning in debt. On today's episode, the NFIP's struggle to stay afloat. &lt;br/&gt;&lt;br/&gt;&lt;strong&gt;Related listening: &lt;br&gt;&lt;/strong&gt;Hazard maps: The curse of knowledge (&lt;a href="https://podcasts.apple.com/us/podcast/the-indicator-from-planet-money/id1320118593?i=1000654845806"&gt;Apple&lt;/a&gt; / &lt;a href="https://open.spotify.com/episode/2kJrcuOgLQ5ZKZJpHx5J1H?si=JtITDePTRaKkvGq5Y_YfbQ"&gt;Spotify&lt;/a&gt;) &lt;br&gt;&lt;a href="https://www.npr.org/2023/06/22/1183854206/when-insurers-cant-get-insurance"&gt;When insurers can't get insurance&lt;/a&gt; &lt;br&gt;&lt;a href="https://www.npr.org/sections/money/2017/09/29/554603161/episode-797-flood-money"&gt;Flood money&lt;/a&gt; &lt;br/&gt;&lt;br/&gt;&lt;em&gt;For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at &lt;/em&gt;&lt;a href="http://plus.npr.org/"&gt;&lt;em&gt;plus.npr.org&lt;/em&gt;&lt;/a&gt;&lt;em&gt;. &lt;br/&gt;&lt;br/&gt;Music by &lt;/em&gt;&lt;a href="https://dropelectric.bandcamp.com/"&gt;&lt;em&gt;Drop Electric&lt;/em&gt;&lt;/a&gt;&lt;em&gt;. Find us: &lt;/em&gt;&lt;a href="https://www.tiktok.com/@planetmoney"&gt;&lt;em&gt;TikTok&lt;/em&gt;&lt;/a&gt;, &lt;a href="https://www.instagram.com/planetmoney/"&gt;&lt;em&gt;Instagram&lt;/em&gt;&lt;/a&gt;, &lt;a href="https://www.facebook.com/planetmoney"&gt;&lt;em&gt;Facebook&lt;/em&gt;&lt;/a&gt;, &lt;a href="https://www.npr.org/newsletter/money"&gt;&lt;em&gt;Newsletter&lt;/em&gt;&lt;/a&gt;&lt;em&gt;. &lt;/em&gt;&lt;br/&gt;&lt;br/&gt;Learn more about sponsor message choices: &lt;a href="https://podcastchoices.com/adchoices"&gt;podcastchoices.com/adchoices&lt;/a&gt;&lt;br/&gt;&lt;br/&gt;&lt;a href="https://www.npr.org/about-npr/179878450/privacy-policy"&gt;NPR Privacy Policy&lt;/a&gt;</description>

The Indicator from Planet Money

NPR

Why the government's flood insurance program is underwater

NOV 13, 20249 MIN
The Indicator from Planet Money

Why the government's flood insurance program is underwater

NOV 13, 20249 MIN

Description

Major flooding events are increasingly common across the U.S., but homeowners looking for flood insurance will find few choices. The main providers of flood insurance is the U.S. government through the National Flood Insurance Program, or NFIP. But even though the NFIP is one of the only flood insurance games in town, it's drowning in debt. On today's episode, the NFIP's struggle to stay afloat.

Related listening:
Hazard maps: The curse of knowledge (Apple / Spotify)
When insurers can't get insurance
Flood money

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

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