Frequent Flooders Drain Federal Insurance Program

Frequent Flooders Drain Federal Insurance ProgramPayouts for properties that flood repeatedly have been a sticking point in congressional talks on a revamped flood insurance program, which may come up for a House vote this month.

Source: Source: WSJ - Ruth Simon and Max Rust | Published on November 14, 2017

Hurricane Harvey Impacts

Such properties have been a huge drain on the financially troubled program, with some 750 properties costing the National Flood Insurance Program roughly $800 million in losses, or an average of roughly $1 million per structure, according to government data.

As of October, the program still insured more than 450 of these "extremely repetitive loss" properties.

Here's a look at the locations and payouts received by properties hit by multiple flooding between 1978 and 2015.

Flood areas

Flood map