Tying Flood Insurance to Flood Risk for Low-Lying Structures in the Floodplains Authors Committee on Risk-Based Methods for Insurance Premiums of Negatively Elevated Structures in the National Flood Insurance Program; Water Science and Technology Board; Division on Earth and Life…
Category: NFIP Finances
Understanding FEMA’s Rate-Setting Methods for the National Flood Insurance Program
CBO, The National Flood Insurance Program: Factors Affecting Actuarial Soundness, (2009) Presentation: Understanding FEMA’s Rate-Setting Methods for the National Flood Insurance Program
FLOOD INSURANCE – Strategies for Increasing Private Sector Involvement
FLOOD INSURANCE Strategies for Increasing Private Sector Involvement What GAO Found According to stakeholders with whom GAO spoke, several conditions must be present to increase private sector involvement in the sale of flood insurance. First, insurers need to be able…
FLOOD INSURANCE: More Information Needed on Subsidized Properties
Report What GAO Found The Biggert-Waters Flood Insurance Reform Act of 2012 (Biggert-Waters Act) immediately eliminated subsidies for about 438,000 National Flood Insurance Program (NFIP) policies, but subsidies on an estimated 715,000 policies across the nation remain. Depending on factors…
FLOOD INSURANCE: Implications of Changing Coverage Limits and Expanding Coverage
Report What GAO Found The National Flood Insurance Program (NFIP) currently has more than 5.5 million policyholders insured for about $1.3 trillion who pay about $3.5 billion in annual premiums, but less than half purchase maximum coverage–a possible indicator of…
Overwhelming Risk – Rethinking Flood Insurance in a World of Rising Seas
Union of Concerned Scientists Our coasts face growing risks from sea level rise. Today’s flood insurance system encourages development that increases these risks — and taxpayers nationwide pay the price. Sea level is rising and increasing the risk of destructive…
Actuarial Rate Review – National Flood Insurance Program
https://biotech.law.lsu.edu/climate/docs/actuarial_rate_rev20091.pdf
See the real numbers on the funding and premiums for the National Flood Insurance Program.