Insurance Availability in Communities at Risk of Natural Disaster - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Insurance Availability in Communities at Risk of Natural Disaster write by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Consumer Credit and Insurance. This book was released on 1994. Insurance Availability in Communities at Risk of Natural Disaster available in PDF, EPUB and Kindle.
A Community-Based Flood Insurance Option
A Community-Based Flood Insurance Option - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook A Community-Based Flood Insurance Option write by National Academies of Sciences, Engineering, and Medicine. This book was released on 2015-10-08. A Community-Based Flood Insurance Option available in PDF, EPUB and Kindle. River and coastal floods are among the nation's most costly natural disasters. One component in the nation's approach to managing flood risk is availability of flood insurance policies, which are offered on an individual basis primarily through the National Flood Insurance Program (NFIP). Established in 1968, the NFIP is overseen by the Federal Emergency Management Agency (FEMA) and there are about 5.4 million individual policies in the NFIP. The program has experienced a mixture of successes and persistent challenges. Successes include a large number of policy holders, the insurance of approximately $1.3 trillion of property, and the fact that the large majority of policy holders - 80% - pay rates that are risk based. NFIP challenges include large program debt, relatively low rates of purchase in many flood-prone areas, a host of issues regarding affordability of premiums, ensuring that premiums collected cover payouts and administrative fees, and a large number of properties that experience severe repetitive flood losses. At the request of FEMA, A Community-Based Flood Insurance Option identifies a range of key issues and questions that would merit consideration and further analysis as part of a community-based flood insurance program. As the report describes, the community-based option certainly offers potential benefits, such as the prospect of providing coverage for all (or nearly all) at-risk residents and properties in flood-prone communities. At the same time, many current challenges facing the NFIP may not necessarily be resolved by a community-based approach. This report discusses these and other prominent issues to be considered and further assessed.
Paying the Price
Paying the Price - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Paying the Price write by Richard J. Roth, Sr.. This book was released on 1998-08-09. Paying the Price available in PDF, EPUB and Kindle. This book considers the effectiveness of insurance coverage for low-probability, high-consequence events such as natural disastersâ€"and how insurance programs can successfully be used with other policy tools, such as building codes and standards, to encourage effective loss reduction measures. The authors discuss the reasons for the dramatic increase in insured losses from natural disasters since 1989 and the concern that insurers have about their ability to provide coverage against more such events in the future. It addresses why there has been an increasing demand for hazards insurance, what types of coverage private insurers are willing to offer, and the role of reinsurance and private-/public-sector initiatives at the state and federal levels for providing protection to victims of natural disasters. Detailed case studies of the challenges facing Florida in the wake of Hurricane Andrew in 1992 and California following the Northridge earthquake in 1994 reveal the challenges facing the insurance industry as well as other concerned stakeholders. The National Flood Insurance Program illustrates how a public-/private-sector partnership can mitigate damages and provide financial protection to victims. The book identifies new initiatives for reducing future losses and providing funds for recovery through cooperation by the relevant parties.
The Growing Threat of Natural Disasters and the Impact on Homeowners' Insurance Availability
The Growing Threat of Natural Disasters and the Impact on Homeowners' Insurance Availability - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Growing Threat of Natural Disasters and the Impact on Homeowners' Insurance Availability write by United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Housing and Community Opportunity. This book was released on 1999. The Growing Threat of Natural Disasters and the Impact on Homeowners' Insurance Availability available in PDF, EPUB and Kindle.
Homeowners' Insurance Availability in Disaster Prone Areas
Homeowners' Insurance Availability in Disaster Prone Areas - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Homeowners' Insurance Availability in Disaster Prone Areas write by United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Housing and Community Opportunity. This book was released on 1997. Homeowners' Insurance Availability in Disaster Prone Areas available in PDF, EPUB and Kindle.
