Current Projects

Search for Projects
View Projects
Project Title
by Subject/Focus Area
by Board/Committee
by Major Unit
Provisional Committee Appointments Open for Formal Public Comments
by Last Update
Meeting Information
Conflict of Interest Policy
Committee Appointment Process
  Project Information

Project Information

 Printer Friendly Version

Project Title:

Risk-Based Methods for Insurance Premiums of Negatively Elevated Structures in the National Flood Insurance Program
PIN: DELS-WSTB-13-03        

Major Unit:

Division on Earth and Life Studies
Division on Engineering and Physical Sciences

Sub Unit: Water Science and Technology Board
DEPS Board on Mathematical Sciences & Their Applications

RSO: Linn, Anne

Subject/Focus Area: Earth Sciences; Engineering and Technology; Math, Chemistry and Physics

Project Scope
Ad ad hoc committee will conduct a study of pricing negatively elevated structures in the National Flood Insurance Program. Specifically, the committee will: 

·         Review current NFIP methods for calculating risk-based premiums for negatively elevated structures, including risk analysis, flood maps, and engineering data.
·         Evaluate alternative approaches for calculating “full risk-based premiums” for negatively elevated structures, considering current actuarial principles and standards.
·         Discuss engineering, hydrologic, and property assessment data and analytical needs associated with fully implementing full risk-based premiums for negatively elevated structures.
·         Discuss approaches for keeping these engineering, hydrologic, or property assessment data updated to maintain full risk-based rates for negatively elevated structures.
·         Discuss feasibility, implementation, and cost of underwriting risk-based premiums for negatively-elevated structures, including a comparison of factors used to set risk-based premiums.

Note: The tasks in the project scope have been reworded for clarification. The updated version is shown above.
The project is sponsored by the Federal Emergency Management Agency (FEMA).
The approximate start date for the project is September 1, 2013.
The report will be issued at the end of 2014.

Project Duration: 18 months    

Provide FEEDBACK on this project.

Contact the Public Access Records Office to make an inquiry, request a list of the public access file materials, or obtain a copy of the materials found in the file.

Committee Membership
Committee Membership

 Meeting 1 - 01/06/2014
 Meeting 2 - 03/06/2014
 Meeting 3 - 05/12/2014
 Meeting 4 - 07/09/2014
 Meeting 5 - 08/21/2014


Reports having no URL can be seen
at the Public Access Records Office
Tying Flood Insurance to Flood Risk for Low-Lying Structures in the National Flood Insurance Program