One- to Four-Family Properties with Multiple Losses Insured by the National Flood Insurance Program Property Characteristics, Community Demographics, and Mitigation Strategies / Noreen Clancy [and seven others].

Format:

Book

Author/Creator:

Clancy, Noreen, author.

Contributor:

Dixon, Lloyd S.

Leidy, Erin N.

Wilson, Michael T. (Michael Thomas)

Ali, Rahim

Bender, Bruce A.

Reese, Tucker

Wilcox, Peggy

United States. Federal Emergency Management Agency.

Rand Corporation. Homeland Security Operational Analysis Center.

Language:

English

Subjects (All):

Flood insurance--United States.

Flood insurance.

Flood insurance claims.

Floodplain management.

Environmental Equity.

Flooding.

Insurance Claims.

Residential Housing.

Local Subjects:

Environmental Equity.

Flooding.

Insurance Claims.

Residential Housing.

Physical Description:

xxvi, 133 pages : illustrations ; 28 cm

Place of Publication:

Santa Monica, CA : RAND, [2023]

Summary:

The increased frequency and severity of flooding in the United States are likely to increase the number of properties that experience multiple flood losses. However, only limited information is readily available on the characteristics of such properties despite being a significant driver of the claim costs of the Federal Emergency Management Agency (FEMA)'s National Flood Insurance Program (NFIP). Data are available on the location of properties that have repeatedly flooded, for example, but information is not readily available on the cause of loss (coastal flooding or riverine flooding), structure type, the distribution of losses (multiple small losses or fewer large losses), losses relative to structure and property value, and attractive mitigation strategies for different types of properties. This report examines properties with multiple losses insured by the NFIP and the communities in which they are located to help inform decisions related to floodplain management, flood insurance, and mitigation efforts. This information should help (1) the NFIP better understand the specific challenges faced by these properties and the communities in which they are located, including consideration of equity issues, and (2) develop more-targeted mitigation programs and risk transfer strategies.

Contents:

Chapter One Introduction

Chapter Two: Data and Methods

Chapter Three: Characteristics of One- to Four-Family MLPs

Chapter Four: Characteristics of the Occupants of One- to Four-Family MLPs and Communities Where They Are Located

Chapter Five: Mitigation of One- to Four-Family MLPs

Chapter Six: Issues Faced by Owners of MLPs and Communities Where MLPs Are Located

Chapter Seven: A Scoring System for Prioritizing Efforts to Reduce Repetitive Losses

Chapter Eight: Conclusion

Appendix A: Trends in the Proportion of NFIP Payments Attributable to MLPs by Flood Zone

Appendix B: SRLP Information and Responsibility Flowchart

Notes:

"HOMELAND SECURITY OPERATIONAL ANALYSIS CENTER"

Includes bibliographical references (pages 126-133)

ISBN:

9781977410894

1977410898

OCLC:

1391783386