Floods are the most common natural disaster in the United States and all 50 states have experienced floods or flash floods in the past five years. State insurance regulators are keenly aware of the devastating effects floods have on constituents in our states and believe it is critical that flood insurance is available and affordable to protect homes, businesses, and personal property, providing peace of mind. Insurance consumers should have access to multiple options in order to find their preferred coverage and price, and facilitating increased private sector involvement in the sale of flood insurance will help promote these consumer choices and spur competition.