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Participation in the NFIP is based on an agreement between local communities and the federal government that states that if a community will adopt and enforce a floodplain management ordinance to reduce future flood risks to new construction in Special Flood Hazard Areas (SFHA), the federal government will make flood insurance available within the community as a financial protection against ...
A floodplain or flood plain or bottomlands [1] is an area of land adjacent to a river. Floodplains stretch from the banks of a river channel to the base of the enclosing valley, and experience flooding during periods of high discharge. [2] The soils usually consist of clays, silts, sands, and gravels deposited during floods. [3]
Flooding resulting from Hurricane Katrina. Nationwide, only 20 percent of American homes at risk for floods are covered by flood insurance. [2] Most private insurers do not insure against the peril of flood due to the prevalence of adverse selection, which is the purchase of insurance by persons most affected by the specific peril of flood.
The most sustainable way of reducing risk is to prevent further development in flood-prone areas and old waterways. It is important for at-risk communities to develop a comprehensive Floodplain Management plan. [21] In the US, communities that participate in the National Flood Insurance Program must agree to regulate development in flood-prone ...
According to critics of the program, the government's subsidized insurance plan "encouraged building, and rebuilding, in vulnerable coastal areas and floodplains." [ 6 ] Stephen Ellis, of the group taxpayers for Common Sense , points to "properties that flooded 17 or 18 times that were still covered under the federal insurance program" without ...
Floodplain restoration is the process of fully or partially restoring a river's floodplain to its original conditions before having been affected by the construction of levees (dikes) and the draining of wetlands and marshes.
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Floodplains of the United States, areas of land adjacent to a stream or river which stretch from the banks of its channel to the base of the enclosing valley walls, and which experience flooding during periods of high discharge.