Difference between revisions of "Flood"
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: '''paragraph 1''' | : '''paragraph 1''' | ||
:* purpose of NFIP ''(flood insurance & mitigation)'' | :* purpose of NFIP ''(flood insurance & mitigation)'' | ||
− | : participation in NFIP is volutary | + | :* participation in NFIP is volutary |
: '''paragraph 2''' | : '''paragraph 2''' | ||
:* FEMA makes Risk Maps ''(FIRMs = Flood Insurance Risk Maps)'' | :* FEMA makes Risk Maps ''(FIRMs = Flood Insurance Risk Maps)'' |
Revision as of 15:46, 29 November 2018
Pop Quiz
BattleTable
Based on past exams, the main things you need to know (in rough order of importance) are:
- funding for NFIP including mechanisms & concerns about sustainability
reference part (a) part (b) part (c) part (d) E (2017.Fall #8) funding:
- concerns regarding NFIPparticipation rate:
- why it's low for NFIPparticipation rate:
- how to increasewind coverage under NFIP:
- arguments for & againstE (2017.Spring#8) risk transfer process:
- crop & flood insurance1risk transfer process:
- criticismsE (2016.Fall #9) NFIP challeneges:
- sustainability, assessmentflood plain development:
- ways to reduceE (2016.Spring#9) uninsurability:
- of flood riskfunctions:
- NFIPBiggert-Waters:
- provisionsE (2015.Fall #8) funding:
- NFIPBiggert-Waters:
- NFIP premium subsidiesBiggert-Waters:
- NFIP participation rateE (2015.Spring#9) see Germani.GovtIns
- [Hint: FCC(ES)statutory mandate:
- NFIPmoral hazard:
- impact on NFIPadverse selection:
- impact on NFIPE (2014.Fall #9) funding:
- NFIPfunding:
- social securityNfunding:
- shortfall for NFIPE (2013.Fall #13) ratemaking principles:
- satisfied by NFIP?improvements:
- to NFIP
- 1 See Germani.GovtIns for the crop insurance part of this question.
- N Not specifically discussed in the Horn reading.
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In Plain English!
Intro
Don't bother reading the Summary from the Horn reading. It's confusing. Here's what it covers:
- paragraph 1
- purpose of NFIP (flood insurance & mitigation)
- participation in NFIP is volutary
- paragraph 2
- FEMA makes Risk Maps (FIRMs = Flood Insurance Risk Maps)
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BattleCodes
Memorize:
Conceptual:
Calculational: