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In 2004, FEMA began a project to update and digitize the flood plain maps at a yearly cost of $200 million. The new maps usually take around 18 months to go from a preliminary release to the final product. During that time period FEMA works with local communities to determine the final maps. [3]
The NFIP is managed and administered by the Federal Emergency Management Agency (FEMA) through the Federal Insurance and Mitigation Administration (FIMA). [2] The program is designed to provide an insurance alternative to disaster assistance to meet the escalating costs of repairing damage to buildings and their contents caused by floods. [3]
The Federal Emergency Management Agency (FEMA) created Risk Rating 2.0 to help create more fairly rated flood insurance policies by taking more rating factors into consideration.
The bill would amend the National Flood Insurance Act of 1968 to prohibit the Federal Emergency Management Agency from providing flood insurance to prospective insureds at rates less than those estimated for any property purchased after the expiration of such six-month period (currently, any property purchased after July 6, 2012). [9]
A Special Flood Hazard Area (SFHA) is an area identified by the United States Federal Emergency Management Agency (FEMA) as an area with a special flood or mudflow, and/or flood related erosion hazard, as shown on a flood hazard boundary map or flood insurance rate map. [1]
The Federal Emergency Management Agency recently published its first National Risk Index, a multi-year project which assesses each of the country's 3,006 counties’ potential vulnerability to ...
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As part of a major effort to modernize Hazus, a number of updates are in progress. In late 2014, an update was released to bring Hazus up to compatibility with ArcGIS 10.2.2 and Windows 8. Later in the Hazus Modernization process, new functional enhancements will be implemented in the flood module, and the underlying code of Hazus will be re ...
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