The National Flood Insurance Program S Market Penetration Rate
The National Flood Insurance Program S Market Penetration Rate Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of The National Flood Insurance Program S Market Penetration Rate book. This book definitely worth reading, it is an incredibly well-written.
The National Flood Insurance Program's Market Penetration Rate by Lloyd S. Dixon Pdf
Flooding is a major source of loss to individuals and businesses in the United States. Private insurers have historically been unable to provide flood insurance at affordable rates, and until the establishment of the National Flood Insurance Program in 1968, the primary recourse for flood victims was government disaster assistance. Congress adopted this program in response to the ongoing unavailability of private insurance and continued increases in federal disaster assistance. The Federal Emergency Management Agency is currently conducting a major evaluation of the program's goals and performance. This report contributes to that evaluation by developing more reliable estimates of the proportion of single-family homes (excluding condominiums) that have flood insurance (the market penetration rate); by identifying factors that determine the market penetration rate; and by examining some of the opportunities for, and the potential benefits of, increasing the market penetration rate.
The Lender-placed Flood Insurance Market for Residential Properties by Lloyd S. Dixon,Noreen Clancy,Bruce Bender,Patricia K. Ehrler Pdf
The National Flood Insurance Program (NFIP) provides the majority of flood insurance on U.S. residential properties. While insurance agents sell nearly all NFIP policies through private insurance companies, the U.S. government still underwrites them. Flood insurance is also available from private insurers that underwrite it themselves. This report provides information about the size of the private market and compares private with NFIP policies.
National Research Council,Division on Earth and Life Studies,Water Science and Technology Board,Committee on Levees and the National Flood Insurance Program: Improving Policies and Practices
Author : National Research Council,Division on Earth and Life Studies,Water Science and Technology Board,Committee on Levees and the National Flood Insurance Program: Improving Policies and Practices Publisher : National Academies Press Page : 275 pages File Size : 53,8 Mb Release : 2013-08-18 Category : Science ISBN : 9780309282901
Levees and the National Flood Insurance Program by National Research Council,Division on Earth and Life Studies,Water Science and Technology Board,Committee on Levees and the National Flood Insurance Program: Improving Policies and Practices Pdf
The Federal Emergency Management Agency's (FEMA) Federal Insurance and Mitigation Administration (FIMA) manages the National Flood Insurance Program (NFIP), which is a cornerstone in the U.S. strategy to assist communities to prepare for, mitigate against, and recover from flood disasters. The NFIP was established by Congress with passage of the National Flood Insurance Act in 1968, to help reduce future flood damages through NFIP community floodplain regulation that would control development in flood hazard areas, provide insurance for a premium to property owners, and reduce federal expenditures for disaster assistance. The flood insurance is available only to owners of insurable property located in communities that participate in the NFIP. Currently, the program has 5,555,915 million policies in 21,881 communities3 across the United States. The NFIP defines the one percent annual chance flood (100-year or base flood) floodplain as a Special Flood Hazard Area (SFHA). The SFHA is delineated on FEMA's Flood Insurance Rate Maps (FIRM's) using topographic, meteorologic, hydrologic, and hydraulic information. Property owners with a federally back mortgage within the SFHAs are required to purchase and retain flood insurance, called the mandatory flood insurance purchase requirement (MPR). Levees and floodwalls, hereafter referred to as levees, have been part of flood management in the United States since the late 1700's because they are relatively easy to build and a reasonable infrastructure investment. A levee is a man-made structure, usually an earthen embankment, designed and constructed in accordance with sound engineering practices to contain, control, or divert the flow of water so as to provide protection from temporary flooding. A levee system is a flood protection system which consists of a levee, or levees, and associated structures, such as closure and drainage devices, which are constructed and operated in accordance with sound engineering practices. Recognizing the need for improving the NFIP's treatment of levees, FEMA officials approached the National Research Council's (NRC) Water Science and Technology Board (WSTB) and requested this study. The NRC responded by forming the ad hoc Committee on Levee and the National Flood Insurance Program: Improving Policies and Practices, charged to examine current FEMA treatment of levees within the NFIP and provide advice on how those levee-elated policies and activities could be improved. The study addressed four broad areas, risk analysis, flood insurance, risk reduction, and risk communication, regarding how levees are considered in the NFIP. Specific issues within these areas include current risk analysis and mapping procedures behind accredited and non-accredited levees, flood insurance pricing and the mandatory flood insurance purchase requirement, mitigation options to reduce risk for communities with levees, flood risk communication efforts, and the concept of shared responsibility. The principal conclusions and recommendations are highlighted in this report.
The Nat. Flood Insurance Program (NFIP) has been on the high-risk list since 2006, when the program had to borrow form the U.S. Treasury to cover losses from the 2005 hurricanes. The outstanding debt is $17.8 billion as of June 2011. This sizeable debt, plus operational and mgmt. challenges at FEMA, which administers NFIP, have combined to keep the program on the high-risk list. NFIP¿s need to borrow to cover claims in years of catastrophic flooding has raised concerns about the program¿s long-term financial solvency. This testimony: (1) discusses ways to place NFIP on a sounder financial footing; and (2) highlights operational and mgmt. challenges at FEMA that affect the program. This is a print on demand report.
National Academies of Sciences, Engineering, and Medicine,Division of Behavioral and Social Sciences and Education,Committee on National Statistics,Division on Engineering and Physical Sciences,Board on Mathematical Sciences and Their Applications,Division on Earth and Life Studies,Water Science and Technology Board,Committee on Affordability of National Flood Insurance Program Premiums
Author : National Academies of Sciences, Engineering, and Medicine,Division of Behavioral and Social Sciences and Education,Committee on National Statistics,Division on Engineering and Physical Sciences,Board on Mathematical Sciences and Their Applications,Division on Earth and Life Studies,Water Science and Technology Board,Committee on Affordability of National Flood Insurance Program Premiums Publisher : National Academies Press Page : 151 pages File Size : 42,9 Mb Release : 2016-01-21 Category : Science ISBN : 9780309380805
Affordability of National Flood Insurance Program Premiums by National Academies of Sciences, Engineering, and Medicine,Division of Behavioral and Social Sciences and Education,Committee on National Statistics,Division on Engineering and Physical Sciences,Board on Mathematical Sciences and Their Applications,Division on Earth and Life Studies,Water Science and Technology Board,Committee on Affordability of National Flood Insurance Program Premiums Pdf
When Congress authorized the National Flood Insurance Program (NFIP) in 1968, it intended for the program to encourage community initiatives in flood risk management, charge insurance premiums consistent with actuarial pricing principles, and encourage the purchase of flood insurance by owners of flood prone properties, in part, by offering affordable premiums. The NFIP has been reauthorized many times since 1968, most recently with the Biggert-Waters Flood Insurance Reform Act of 2012 (BW 2012). In this most recent reauthorization, Congress placed a particular emphasis on setting flood insurance premiums following actuarial pricing principles, which was motivated by a desire to ensure future revenues were adequate to pay claims and administrative expenses. BW 2012 was designed to move the NFIP towards risk-based premiums for all flood insurance policies. The result was to be increased premiums for some policyholders that had been paying less than NFIP risk-based premiums and to possibly increase premiums for all policyholders. Recognition of this possibility and concern for the affordability of flood insurance is reflected in sections of the Homeowner Flood Insurance Affordability Act of 2014 (HFIAA 2014). These sections called on FEMA to propose a draft affordability framework for the NFIP after completing an analysis of the efforts of possible programs for offering "means-tested assistance" to policyholders for whom higher rates may not be affordable. BW 2012 and HFIAA 2014 mandated that FEMA conduct a study, in cooperation with the National Academies of Sciences, Engineering, and Medicine, which would compare the costs of a program of risk-based rates and means-tested assistance to the current system of subsidized flood insurance rates and federally funded disaster relief for people without coverage. Production of two reports was agreed upon to fulfill this mandate. This second report proposes alternative approaches for a national evaluation of affordability program policy options and includes lessons for the design of a national study from a proof-of-concept pilot study.
Climate Adaptation and Flood Risk in Coastal Cities by Jeroen Aerts,Wouter Botzen,Malcolm Bowman,Philip Ward,Piet Dircke Pdf
This book presents climate adaptation and flood risk problems and solutions in coastal cities including an independent investigation of adaptation paths and problems in Rotterdam, New York and Jakarta. The comparison draws out lessons that each city can learn from the others. While the main focus is on coastal flooding, cities are also affected by climate change in other ways, including impacts that occur away from the coast. The New York City Water Supply System, for example, stretches as far as 120 miles upstate, and the New York City Department of Environmental Protection has undertaken extensive climate assessment not only for its coastal facilities, but also for its upstate facilities, which will be affected by rising temperatures, droughts, inland flooding and water quality changes. The authors examine key questions, such as: Are current city plans climate proof or do we need to finetune our ongoing investments? Can we develop a flood proof subway system? Can we develop new infrastructure in such a way that it serves flood protection, housing and natural values?
Flood Insurance: Public Policy Goals Provide a Framework for Reform by Orice Williams Brown Pdf
The National Flood Insur. Program (NFIP) had to borrow from the U.S. Treasury to cover losses from the 2005 hurricanes. The outstanding debt is $17.8 billion as of March 2011. This sizable debt, plus operational and mgmt. challenges at FEMA, which administers NFIP, have kept the program on the high-risk list. NFIP¿s need to borrow to cover claims in years of catastrophic flooding has raised concerns about the program¿s long-term financial solvency. This testimony: 1) discusses ways to place NFIP on a sounder financial footing in light of public policy goals for fed. involvement in natural catastrophe insur.; and 2) highlights operational and mgmt. challenges at FEMA that affect the program. This is a print on demand report.
Managing Floodplain Development Through the National Flood Insurance Program by Anonim Pdf
The purpose of this home study course is to enhance the knowledge and skills of local officials responsible for administering and enforcing local floodplain management regulations. It is also intended to broaden their understanding of floodplain management strategies that can be applied at the local level.