New Report Evaluates FEMA's Flood Insurance Program -- Telephone News Conference March 20
The Federal Emergency Management Agency manages the National Flood Insurance Program (NFIP), which is a cornerstone in the U.S. strategy to help communities prepare for, mitigate against, and recover from flood disasters. The program's goal is to help reduce future flood damage through ordinances that control development in flood hazard areas, provide insurance to property owners, and reduce federal expenditures for disaster assistance. Currently, NFIP has approximately 5.6 million policies across the United States. However, if homes and businesses that fall within a 100-year flood zone are behind a FEMA-accredited levee, they can be exempt from land-use regulations and from buying mandatory flood insurance.
Levees and the National Flood Insurance Program: Improving Policies and Practices, a new report from the National Research Council, examines whether NFIP's approach to analyzing flood risk gives public officials and property owners a clear idea of the risks they face, if NFIP is financially sound, and whether the current mandatory flood insurance policy is effective.
On Wednesday, March 20, starting at 11 a.m. EDT the Research Council will hold a one-hour telephone news conference to release the report. Advance copies will be available to reporters only beginning at 3 p.m. EDT Tuesday, March 19. The report is embargoed and not for public release before 11 a.m. EDT Wednesday, March 20. To obtain an embargoed copy and to receive the call-in number and password for the telephone news conference, reporters should contact the National Academies' Office of News and Public Information; tel. 202-334-2138 or e-mail firstname.lastname@example.org.