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Affordability of National Flood Insurance Program Premiums: Report 1 (2015)

Chapter: Appendix D-- Invited Guest Speakers at Committee Meetings

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Suggested Citation:"Appendix D-- Invited Guest Speakers at Committee Meetings." National Research Council. 2015. Affordability of National Flood Insurance Program Premiums: Report 1. Washington, DC: The National Academies Press. doi: 10.17226/21709.
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Appendix D

Invited Guest Speakers at Committee Meetings

Federal Agencies

Thomas Hayes, Federal Emergency Management Agency, Washington, DC

Ryan Janda, Federal Emergency Management Agency, Washington, DC

David Miller, Federal Emergency Management Agency, Washington, DC

Andy Neal, Federal Emergency Management Agency, Washington, DC

Alicia Cackley, Government Accountability Office, Washington, DC

Pat Ward, Government Accountability Office, Washington, DC

Dan Hoople, Congressional Budget Office, Washington, DC

Todd Richardson, Department of Housing and Urban Development, Washington, DC

Josh Sawislak, Department of Housing and Urban Development, Washington, DC

Other Government Agencies

John Dorman, North Carolina Department of Public Safety, Raleigh

Katherine Grieg, New York City Mayor’s Office, New York

Tim Trautman, Charlotte-Mecklenberg County, Charlotte, NC

Suggested Citation:"Appendix D-- Invited Guest Speakers at Committee Meetings." National Research Council. 2015. Affordability of National Flood Insurance Program Premiums: Report 1. Washington, DC: The National Academies Press. doi: 10.17226/21709.
×

Nonprofit and Trade Organizations

Chad Berginnis, Association of State Floodplain Managers, Madison, WI

Birny Birnbaum, Center for Economic Justice, Austin, TT

Steve Brown, National Association of Realtors, Washington, DC

Susan Gilson, National Association of Flood and Stormwater Management Agencies, Washington, DC

James Lynch, Insurance Information Institute, New York, NY

Frank Nutter, Reinsurance Association of America, Washington, DC

Tabby Waqar, National Association of Home Builders, Washington, DC

Research Organizations

Craig Colten, The Water Institute of the Gulf, Baton Rouge, LA

Suggested Citation:"Appendix D-- Invited Guest Speakers at Committee Meetings." National Research Council. 2015. Affordability of National Flood Insurance Program Premiums: Report 1. Washington, DC: The National Academies Press. doi: 10.17226/21709.
×
Page 141
Suggested Citation:"Appendix D-- Invited Guest Speakers at Committee Meetings." National Research Council. 2015. Affordability of National Flood Insurance Program Premiums: Report 1. Washington, DC: The National Academies Press. doi: 10.17226/21709.
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Page 142
Next: Appendix E-- NFIP Flood Designations »
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The National Flood Insurance Program (NFIP) is housed within the Federal Emergency Management Agency (FEMA) and offers insurance policies that are marketed and sold through private insurers, but with the risks borne by the U.S. federal government. NFIP's primary goals are to ensure affordable insurance premiums, secure widespread community participation in the program, and earn premium and fee income that covers claims paid and program expenses over time. In July 2012, the U.S. Congress passed the Biggert-Waters Flood Insurance Reform and Modernization Act (Biggert-Waters 2012), designed to move toward an insurance program with NFIP risk-based premiums that better reflected expected losses from floods at insured properties. This eliminated policies priced at what the NFIP called "pre-FIRM subsidized" and "grandfathered." As Biggert-Waters 2012 went into effect, constituents from multiple communities expressed concerns about the elimination of lower rate classes, arguing that it created a financial burden on policy holders. In response to these concerns Congress passed The Homeowner Flood Insurance Affordability Act of 2014 (HFIAA 2014). The 2014 legislation changed the process by which pre-FIRM subsidized premiums for primary residences would be removed and reinstated grandfathering. As part of that legislation, FEMA must report back to Congress with a draft affordability framework.

Affordability of National Flood Insurance Program Premiums: Report 1 is the first part of a two-part study to provide input as FEMA prepares their draft affordability framework. This report discusses the underlying definitions and methods for an affordability framework and the affordability concept and applications. Affordability of National Flood Insurance Program Premiums gives an overview of the demand for insurance and the history of the NFIP premium setting. The report then describes alternatives for determining when the premium increases resulting from Biggert-Waters 2012 would make flood insurance unaffordable.

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