Who is responsible for underwriting all flood coverage in the United States?

The responsibility for underwriting all flood coverage in the United States falls to the Federal Emergency Management Agency (FEMA). FEMA operates the National Flood Insurance Program (NFIP), which provides flood insurance to property owners, renters, and businesses. The NFIP was established to mitigate and manage flood risks across the country, especially in areas where private insurers are unwilling or unable to provide coverage due to high risk.

By administering the NFIP, FEMA can offer subsidized flood insurance rates, helping make flood insurance more accessible to people living in flood-prone areas. This also allows the federal government to play a crucial role in disaster preparedness and response, as flood insurance is a key component of resilience against flooding incidents.

The other choices, while involved in different aspects of insurance and regulation, do not directly underwrite flood coverage. Private insurance companies typically sell flood insurance policies through the NFIP but rely on FEMA for rates and coverage guidelines. The National Insurance Bureau, while it may have a role in insurance data and statistics, does not underwrite flood insurance. State insurance regulators oversee insurance companies and can impact various types of insurance, but they do not have authority over the federal program that manages flood coverage.