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Flood Insurance: Forgone Premiums Cannot Be Measured and FEMA Should Validate and Monitor Data System Changes
Flood Insurance: Forgone Premiums Cannot Be Measured and FEMA Should Validate and Monitor Data System Changes
 
Our Price: $20.00
By Alicia Puente Cackley (au)
Year: 2014
Pages: 48
Binding Paperback
ISBN 978-1-4578-6542-8

Product Code: 1457865424

Description
 
As of September 30, 2013, the Federal Emergency Management Agency (FEMA), which administers the National Flood Insurance Program (NFIP), had more than 1.1 million subsidized flood insurance policies -- about 21% of all of its policies. Because their premiums do not reflect the full risk of losses, subsidized policies have been a financial burden on the program. Due to NFIP's financial instability and operating and management challenges, GAO placed the program on its high-risk list in 2006. This report examines the forgone premiums associated with subsidies during 20022013 along with data reliability issues discovered in GAO's examination. Data for earlier periods were unavailable. Table and figures. This is a print on demand report.

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