Books > Earth & environment > The environment > Environmental impact of natural disasters & phenomena
|
Buy Now
Tying Flood Insurance to Flood Risk for Low-Lying Structures in the Floodplain (Paperback)
Loot Price: R1,137
Discovery Miles 11 370
|
|
Tying Flood Insurance to Flood Risk for Low-Lying Structures in the Floodplain (Paperback)
Expected to ship within 12 - 17 working days
|
Floods take a heavy toll on society, costing lives, damaging
buildings and property, disrupting livelihoods, and sometimes
necessitating federal disaster relief, which has risen to record
levels in recent years. The National Flood Insurance Program (NFIP)
was created in 1968 to reduce the flood risk to individuals and
their reliance on federal disaster relief by making federal flood
insurance available to residents and businesses if their community
adopted floodplain management ordinances and minimum standards for
new construction in flood prone areas. Insurance rates for
structures built after a flood plain map was adopted by the
community were intended to reflect the actual risk of flooding,
taking into account the likelihood of inundation, the elevation of
the structure, and the relationship of inundation to damage to the
structure. Today, rates are subsidized for one-fifth of the NFIP's
5.5 million policies. Most of these structures are negatively
elevated, that is, the elevation of the lowest floor is lower than
the NFIP construction standard. Compared to structures built above
the base flood elevation, negatively elevated structures are more
likely to incur a loss because they are inundated more frequently,
and the depths and durations of inundation are greater. Tying Flood
Insurance to Flood Risk for Low-Lying Structures in the Floodplain
studies the pricing of negatively elevated structures in the NFIP.
This report review current NFIP methods for calculating risk-based
premiums for these structures, including risk analysis, flood maps,
and engineering data. The report then evaluates alternative
approaches for calculating risk-based premiums and discusses
engineering hydrologic and property assessment data needs to
implement full risk-based premiums. The findings and conclusions of
this report will help to improve the accuracy and precision of loss
estimates for negatively elevated structures, which in turn will
increase the credibility, fairness, and transparency of premiums
for policyholders. Table of Contents Front Matter Summary 1 The
National Flood Insurance Program and the Need for Accurate Rates 2
NFIP Procedures for Analyzing Flood Hazard and Calculating
Insurance Rates 3 Methods for Assessing Flood Risk 4 Factors That
Affect Risk-Based Premiums for Negatively Elevated Structures 5
Alternative Approaches and Implementation References Appendix A:
Biographical Sketches of Committee Members Appendix B: Glossary
Appendix C: Acronyms and Abbreviations
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.