ASFPM’s Detailed Priorities for FY2024 NFIP Reauthorization and Reform 

On March 23, 2024, President Biden signed legislation that extends the National Flood Insurance Program’s (NFIP’s) authorization to Sept. 30, 2024. The program’s last multi-year reauthorization was in 2017, and since that time the program has experienced more than two dozen short-term extensions, including three brief lapses. These frequent short-term extensions are not only disruptive for policyholders but for everyone, considering the NFIP goes well beyond merely providing flood insurance. It’s a unique program that integrates multiple approaches for identifying flood risk, communicating that risk, and advancing techniques to reduce flood losses by leveraging a novel collaborative federal partnership that enlists participation at the state and local level.

In our continued efforts to push for significant reform and long-term NFIP reauthorization, ASFPM has put together a detailed priority list of changes we’d like to see in the federal flood insurance program. The priorities address key components of the program, such as flood risk mapping, flood insurance, floodplain management, and flood mitigation, and the changes that ASFPM feels are necessary to strengthen the NFIP and advance equitable flood risk management across the nation.

Download ASFPM’s Detailed Priorities for FY24 NFIP Reauthorization and Reform