Affordability of National Flood Insurance Program Premiums: Report 2 (2015)Water Science and Technology Board
Each report is produced by a committee of experts selected by the Academy to address a particular statement of task and is subject to a rigorous, independent peer review; while the reports represent views of the committee, they also are endorsed by the Academy. Learn more on our expert consensus reports.
Drawing on lessons learned from a proof-of-concept analysis, this report proposes that the Federal Emergency Management Agency develop a microsimulation model--which will use a database of records for individual policyholders and property owners to mimic how policy decisions might affect those individuals--to simulate the effects of different National Flood Insurance Program affordability policy options. The report also notes, however, that some of the essential data needed to support such modeling are not currently available to the Agency.
Learn more about this report in an archived webinar presented by the Chair of the report's authoring committee, Leonard Shabman of Resources for the Future, and committee members Allen Schirm of Mathematica Policy Research and Carolyn Kousky of Resources for the Future.