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National Food Insurance Program: Financial Challenges Underscore Need for Improved Oversight of Mitigation Programs and Key Contracts
The Fed. Emergency Mgmt. Agency (FEMA) and its con

Our Price: $35.00
By Orice M. Williams (au)
Year: 2008
Pages: 86
Binding Paperback

Product Code: 1437907989

The Fed. Emergency Mgmt. Agency (FEMA) and its contractors administer and implement the Nat. Flood Insurance Program (NFIP). NFIP has been designated a high-risk area in March 2006, and as of Dec. 2007, FEMA owed more than $17.3 billion to the Treasury for hurricane-related losses. Concerns have been raised about the financial condition of NFIP and FEMA’s efforts to mitigate losses and monitor NFIP contractors. This report: (1) describes statistical and financial trends for NFIP from 1997 through 2006; (2) assesses the extent to which flood-damaged properties were purchased to mitigate risk; and (3) evaluates procedures for monitoring NFIP-related contracts. Includes recommendations. Charts and tables.

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