National Flood Insurance Repetitive Losses
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Economic Policy
Publisher:
Published: 2005
Total Pages: 110
ISBN-13:
DOWNLOAD EBOOK →Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Economic Policy
Publisher:
Published: 2005
Total Pages: 110
ISBN-13:
DOWNLOAD EBOOK →Author: United States. Congress
Publisher: Createspace Independent Publishing Platform
Published: 2018-02-10
Total Pages: 100
ISBN-13: 9781985234680
DOWNLOAD EBOOK →National flood insurance repetitive losses : hearing before the Subcommittee on Economic Policy of the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Eighth Congress, second session, on certain measures to address repetitive loss properties, March 25, 2004.
Author: United States Senate
Publisher:
Published: 2019-12-17
Total Pages: 100
ISBN-13: 9781675624753
DOWNLOAD EBOOK →National flood insurance repetitive losses: hearing before the Subcommittee on Economic Policy of the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Eighth Congress, second session, on certain measures to address repetitive loss properties, March 25, 2004.
Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Housing and Community Opportunity
Publisher:
Published: 2001
Total Pages: 160
ISBN-13:
DOWNLOAD EBOOK →Author: United States Accounting Office (GAO)
Publisher: Createspace Independent Publishing Platform
Published: 2018-05-23
Total Pages: 36
ISBN-13: 9781719489584
DOWNLOAD EBOOK →National Flood Insurance Program: Actions to Address Repetitive Loss Properties
Author: National Research Council
Publisher: National Academies Press
Published: 1996-10-07
Total Pages: 182
ISBN-13: 0309185491
DOWNLOAD EBOOK →Alluvial fans are gently sloping, fan-shaped landforms common at the base of mountain ranges in arid and semiarid regions such as the American West. Floods on alluvial fans, although characterized by relatively shallow depths, strike with little if any warning, can travel at extremely high velocities, and can carry a tremendous amount of sediment and debris. Such flooding presents unique problems to federal and state planners in terms of quantifying flood hazards, predicting the magnitude at which those hazards can be expected at a particular location, and devising reliable mitigation strategies. Alluvial Fan Flooding attempts to improve our capability to determine whether areas are subject to alluvial fan flooding and provides a practical perspective on how to make such a determination. The book presents criteria for determining whether an area is subject to flooding and provides examples of applying the definition and criteria to real situations in Arizona, California, New Mexico, Utah, and elsewhere. The volume also contains recommendations for the Federal Emergency Management Agency, which is primarily responsible for floodplain mapping, and for state and local decisionmakers involved in flood hazard reduction.
Author:
Publisher:
Published: 2005
Total Pages: 0
ISBN-13:
DOWNLOAD EBOOK →Historically, flooding has been the most common natural disaster in the United States, costing more in property damages than any other natural disaster. In response to the trend of building homes and businesses in flood-prone areas and the increasing cost of damages caused by floods, Congress created the National Flood Insurance Program (NFIP) in 1968. The object was to reduce future flood losses through flood hazard identification, floodplain management (i.e., land use controls and building codes), and insurance protection. NFIP coverage is available to all owners and occupants of insurable property in a participating community. Two flood insurance-related policy issues stand out in the 109th Congress. The first issue is the high and continuing cost of paying for repetitively flooded properties, and clarifying congressional intent with respect to restoring flood victims to pre-flood conditions. The problem with repetitive loss properties (RLPs) is that the vast majority of these older, generally less-safe properties were "grandfathered" into the NFIP when the program was created, and these properties have been repaired multiple times with subsidized flood insurance claim payments. Owners of RLPs pay less than the full actuarial risk rates. Congress started looking at the RLP problem (and other matters) several years before the National Flood Insurance Reform Act of 1994. The Flood Mitigation Assistance (FMA) Program was authorized as Section 1266 in 1994, and has largely been used to mitigate RLPs. The Bunning-Bereuter-Blumenauer Flood Insurance Reform Act of 2004 (P.L. 108-264), signed into law on June 30, 2004, doubled the authorization for that program but did not change its focus, despite some adjustment of priorities. The 2004 Act also added two new programs that are focused on RLPs -- the Pilot Program and the Individual Property program. Although the statute authorized $40 million a year for the Pilot program, subject to annual appropriations, the Administration's budget request for FY2006 did not include funding. Legislation to appropriate the funds (H.R. 2360) is pending. The second issue, which involves the adequacy of payments and the clarity of policies and procedures for filing and adjusting flood insurance claims after Hurricane Isabel in September 2003, was initially addressed by provisions in the 2004 act that made some programmatic changes to the NFIP and required several studies and reports. This report traces the evolution of the NFIP and provides background information on the program. This is followed by a brief discussion of the problem of repetitively flooded properties and the mitigation program administered by FEMA. A summary of the major provisions in the Bunning-Bereuter-Blumenauer Flood Insurance Reform Act of 2004 is included. The report does not examine other important NFIP-related issues involving coastal erosion, the Coastal Barriers Resources System, market penetration, lender compliance, and NFIP financial conditions and managing systems. This report will be updated to reflect significant legislative action.
Author: United States. General Accounting Office
Publisher:
Published: 1988
Total Pages: 28
ISBN-13:
DOWNLOAD EBOOK →Author: Orice Williams Brown
Publisher: DIANE Publishing
Published: 2011-08
Total Pages: 19
ISBN-13: 1437982948
DOWNLOAD EBOOK →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.