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Trump's Project 2025 Targets $22 Billion Flood Insurance Debt

1/15/2026

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Summary

Story summary

National Flood Insurance Program (NFIP) carries $22 billion in debt and $16 billion forgiven by the U.S. Treasury.
Project 2025 aims to end the NFIP and shift flood insurance to private companies to align with U.S. President Donald Trump’s goal to reduce government spending on disaster recovery.
Neptune Flood, which assesses flood risks and connects property owners with underwriters but does not issue insurance, has pitched ideas to Trump.

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Story summary

National Flood Insurance Program (NFIP) carries $22 billion in debt and $16 billion forgiven by the U.S. Treasury.
Project 2025 aims to end the NFIP and shift flood insurance to private companies to align with U.S. President Donald Trump’s goal to reduce government spending on disaster recovery.
Neptune Flood, which assesses flood risks and connects property owners with underwriters but does not issue insurance, has pitched ideas to Trump.