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NFIP
The National Flood Insurance Program (NFIP) is a program created by the Congress of the United States in 1968 through the National Flood Insurance Act of 1968 (P.L. 90-448). The NFIP has two purposes: to share the risk of flood losses through flood insurance and to reduce flood damages by restricting floodplain development. The program enables property owners in participating communities to purchase insurance protection, administered by the government, against losses from flooding, and requires flood insurance for all loans or lines of credit that are secured by existing buildings, manufactured homes, or buildings under construction, that are located in the Special Flood Hazard Area in a community that participates in the NFIP. U.S. Congress limits the availability of National Flood Insurance to communities that adopt adequate land use and control measures with effective enforcement provisions to reduce flood damages by restricting development in areas exposed to flooding. The NFIP ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Community Rating System
The National Flood Insurance Program (NFIP) is a program created by the Congress of the United States in 1968 through the National Flood Insurance Act of 1968 (P.L. 90-448). The NFIP has two purposes: to share the risk of flood losses through flood insurance and to reduce flood damages by restricting floodplain development. The program enables property owners in participating communities to purchase insurance protection, administered by the government, against losses from flooding, and requires flood insurance for all loans or lines of credit that are secured by existing buildings, manufactured homes, or buildings under construction, that are located in the Special Flood Hazard Area in a community that participates in the NFIP. U.S. Congress limits the availability of National Flood Insurance to communities that adopt adequate land use and control measures with effective enforcement provisions to reduce flood damages by restricting development in areas exposed to flooding. The NF ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Biggert–Waters Flood Insurance Reform Act Of 2012
The National Flood Insurance Program (NFIP) is a program created by the Congress of the United States in 1968 through the National Flood Insurance Act of 1968 (P.L. 90-448). The NFIP has two purposes: to share the risk of flood losses through flood insurance and to reduce flood damages by restricting floodplain development. The program enables property owners in participating communities to purchase insurance protection, administered by the government, against losses from flooding, and requires flood insurance for all loans or lines of credit that are secured by existing buildings, manufactured homes, or buildings under construction, that are located in the Special Flood Hazard Area in a community that participates in the NFIP. U.S. Congress limits the availability of National Flood Insurance to communities that adopt adequate land use and control measures with effective enforcement provisions to reduce flood damages by restricting development in areas exposed to flooding. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Flood Insurance
Flood insurance is the specific insurance coverage issued against property loss from flooding. To determine risk factors for specific properties, insurers will often refer to topographical maps that denote lowlands, floodplains and other areas that are susceptible to flooding. In the United States Nationwide, only 20 percent of American homes at risk for floods are covered by flood insurance. Most private insurers do not insure against the peril of flood due to the prevalence of adverse selection, which is the purchase of insurance by persons most affected by the specific peril of flood. In traditional insurance, insurers use the economic law of large numbers to charge a relatively small fee to large numbers of people in order to pay the claims of the small numbers of claimants who have suffered a loss. Some insurers provide privately written primary flood insurance for high-value residential properties, and for low-value and high value buildings, including through The Natur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Homeowner Flood Insurance Affordability Act Of 2013
The Homeowner Flood Insurance Affordability Act of 2013 () is a bill that would reduce some of the reforms made to the federal flood insurance program that were passed two years prior. The bill would reduce federal flood insurance premium rates for some properties that are sold, were uninsured as of July 2012, or where coverage lapsed as a result of the policyholder no longer being required to maintain coverage. The bill was passed in the United States House of Representatives during the 113th United States Congress. On March 21, 2014, President Barack Obama signed the bill into law, making it . Background National Flood Insurance Program The National Flood Insurance Program (NFIP) is a program created by the Congress of the United States in 1968 through the National Flood Insurance Act of 1968 (P.L. 90-448). The program enables property owners in participating communities to purchase insurance protection from the government against losses from flooding. This insurance is des ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Floodplain
A floodplain or flood plain or bottomlands is an area of land adjacent to a river which stretches from the banks of its channel to the base of the enclosing valley walls, and which experiences flooding during periods of high discharge.Goudie, A. S., 2004, ''Encyclopedia of Geomorphology'', vol. 1. Routledge, New York. The soils usually consist of clays, silts, sands, and gravels deposited during floods. Because the regular flooding of floodplains can deposit nutrients and water, floodplains frequently have high soil fertility; some important agricultural regions, such as the Mississippi river basin and the Nile, rely heavily on the flood plains. Agricultural regions as well as urban areas have developed near or on floodplains to take advantage of the rich soil and fresh water. However, the risk of flooding has led to increasing efforts to control flooding. Formation Most floodplains are formed by deposition on the inside of river meanders and by overbank flow. Wherev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Flood Insurance Act Of 1968
The National Flood Insurance Act of 1968 is legislation enacted in the United States that led to the creation of the National Flood Insurance Program (NFIP).Haddow, George D. and Jane A. Bullock, 2003, ''Introduction to Emergency Management'', Amsterdam: Butterworth-Heinemann, Origin of the act The act was motivated by a long history of property damage and loss of life due to flooding. The legislation was finally promulgated because of the recent flood loss sustained in Florida and Louisiana following the destruction caused by the Hurricane Betsy flood surge in 1965. National Flood Insurance Program The NFIP goals are two-fold: • To provide flood insurance for structures and contents in communities that adopt and enforce an ordinance outlining minimal floodplain management standards. • To identify areas of high and low flood hazard and establish flood insurance rates for structures inside each flood hazard area. Amendments The program was first amended by the Flood Disaste ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
100-year Flood
A 100-year flood is a flood event that has a 1 in 100 chance (1% probability) of being equaled or exceeded in any given year. The 100-year flood is also referred to as the 1% flood, since its annual exceedance probability is 1%.Holmes, R.R., Jr., and Dinicola, K. (2010) ''100-Year flood–it's all about chance 'U.S. Geological Survey General Information Product 106/ref> For coastal or lake flooding, the 100-year flood is generally expressed as a flood elevation or depth, and may include wave effects. For river systems, the 100-year flood is generally expressed as a flowrate. Based on the expected 100-year flood flow rate, the flood water level can be mapped as an area of inundation. The resulting floodplain map is referred to as the 100-year floodplain. Estimates of the 100-year flood flowrate and other streamflow statistics for any stream in the United States are available.Ries, K.G., and others (2008) ''StreamStats: A water resources web application 'U.S. Geological Survey, Fac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Flood Insurance Reform Act Of 2004
The Bunning-Bereuter-Blumenauer Flood Insurance Reform Act of 2004 () reformed the National Flood Insurance Program (NFIP) and the terms of the National Flood Insurance Act of 1968. It was designed to "reduce losses to properties for which repetitive flood insurance claim payments have been made." The Act's main sponsors were Sen. Jim Bunning, Rep. Doug Bereuter, and Rep. Earl Blumenauer. The Act's preamble included the following Congressional findings that quantify the motivation for the new law: *the NFIP insures approximately 4,400,000 policyholders; *about 48,000 properties in the program have experienced, within a ten-year period, two or more flood losses where each loss is more than $1,000; *about 10,000 repetitive-loss properties have experienced two or three losses that cumulatively exceed building value; *these repetitive-loss properties cost the taxpayer about $200 million annually; *about 1% of insured properties account for 25-30% of claims losses; *the vast majority o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Emergency Management Agency
The Federal Emergency Management Agency (FEMA) is an agency of the United States Department of Homeland Security (DHS), initially created under President Jimmy Carter by Presidential Reorganization Plan No. 3 of 1978 and implemented by two Executive Orders on April 1, 1979. The agency's primary purpose is to coordinate the response to a disaster that has occurred in the United States and that overwhelms the resources of local and state authorities. The governor of the state in which the disaster occurs must declare a state of emergency and formally request from the President that FEMA and the federal government respond to the disaster. The only exception to the state's gubernatorial declaration requirement occurs when an emergency or disaster takes place on federal property or to a federal asset—for example, the 1995 bombing of the Alfred P. Murrah Federal Building in Oklahoma City, Oklahoma, or the Space Shuttle ''Columbia'' in the 2003 return-flight disaster. While o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
FEMA Chance Of Flooding Over 30 Year Period
The Federal Emergency Management Agency (FEMA) is an agency of the United States Department of Homeland Security (DHS), initially created under President Jimmy Carter by Presidential Reorganization Plan No. 3 of 1978 and implemented by two Executive Orders on April 1, 1979. The agency's primary purpose is to coordinate the response to a disaster that has occurred in the United States and that overwhelms the resources of local and state authorities. The governor of the state in which the disaster occurs must declare a state of emergency and formally request from the President that FEMA and the federal government respond to the disaster. The only exception to the state's gubernatorial declaration requirement occurs when an emergency or disaster takes place on federal property or to a federal asset—for example, the 1995 bombing of the Alfred P. Murrah Federal Building in Oklahoma City, Oklahoma, or the Space Shuttle ''Columbia'' in the 2003 return-flight disaster. While on-the- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
David Maurstad
David Ingolf Maurstad (born August 26, 1953) is an American politician and government official who was the 36th lieutenant governor of Nebraska from 1999 to 2001. He was appointed mitigation division director at Federal Emergency Management Agency (FEMA) in 2006. Education Maurstad received his Bachelor of Science in business administration and Master of Business Administration from the University of Nebraska–Lincoln. Career Maurstad was an insurance agent for nearly 25 years and later served as the mayor of Beatrice and as a member of the Nebraska Legislature. He was lieutenant governor from 1999 to 2001. In 2001, he became director of the Federal Emergency Management Agency Region VIII (Colorado, Montana, North Dakota, South Dakota, Utah, Wyoming). He was appointed Mitigation Division director at FEMA in 2006. He serves as its deputy associate administrator for Federal Insurance and Mitigation (FIMA) and as the senior executive of the National Flood Insurance Program ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
FEMA
The Federal Emergency Management Agency (FEMA) is an agency of the United States Department of Homeland Security (DHS), initially created under President Jimmy Carter by Presidential Reorganization Plan No. 3 of 1978 and implemented by two Executive order (United States), Executive Orders on April 1, 1979. The agency's primary purpose is to coordinate the response to a disaster that has occurred in the United States and that overwhelms the resources of local and U.S. state, state authorities. The governor of the state in which the disaster occurs must declare a state of emergency and formally request from the President of the United States, President that FEMA and the Federal government of the United States, federal government respond to the disaster. The only exception to the state's gubernatorial declaration requirement occurs when an emergency or disaster takes place on federal property or to a federal asset—for example, the 1995 Oklahoma City bombing, bombing of the Alfred ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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