The Miller Amendment will require the Government Accountability Office to conduct a study on potential long-term reforms of the program, including: •Ways the private insurance market can contribute to insuring against flood damage. •The impact on the NFIP if communities were to opt out of the program •The feasibility of regionalizing the NFIP based on FEMA’s 10 geographic regions which should result in premiums more reflective of each region’s risk.
Leave a Reply