Billion Quote by Gary Miller
“Today more than 20,000 communities participate in the National Flood Insurance Program. More than 90 insurance companies sell and service flood service insurance. There are more than four million policies covering the total of $800 billion.”
About This Quote
Source Report: National Flood Insurance Program statistics, 2023
The program covers many communities and policies, showing extensive participation and financial exposure to flood risk.
In simple terms: Many communities and policies are covered, highlighting large risk exposure.
Key Takeaway
Recognize flood risk and consider adequate insurance.
Themes
risk management
insurance
public policy
environmental finance
Mood
concerned
pragmatic
Type
informative
analytical
When to use this quote
- homeowners
- businesses
- policy makers
- financial planners
Key Concepts
flood risk
insurance coverage
government program
Questions to Reflect On
- How does flood risk affect your community?
- Are current policies sufficient for extreme events?
A Different Perspective
Coverage may not fully protect against extreme events; premiums can be high.
