At long last, Congress, yes that gridlocked legislative body in D.C., has made changes to the National Flood Insurance Program. Astoundingly, the new rules actually make sense.NFIP will raise rates to reflect true flood risk, make the program more financially stable, and change how the Flood Insurance Rate Map updates impact policy holders.Most property owners’ homes are not covered by their own insurance against flooding so NFIP was created to fill that gap in 1968. Pre-existing homes were not subject to the new construction standard, and they even received subsidized rates.