Nope, it was pretty straight forward. It was the 1968 National Flood Insurance Act. Flood prone communities get flood insurance in exchange Gov gets to manage

Nope, it was pretty straight forward. It was the 1968 National Flood Insurance Act. Flood prone communities get flood insurance in exchange Gov gets to manage building standards to reduce damage caused by flooding. It was pretty similar to what we are seeing today. There was a hurricane and the Mississippi river flooded. Private insurance started pulling out so the Government decided to step up.