Focus on NFIP Rate-Setting Process

"A new Government Accountability Office (GAO) report suggests that the rate-setting method used by the Federal Emergency Management Agency’s (FEMA) National Flood Insurance Program (NFIP) may not ensure that the rates accurately reflect the actual risk of flood damage. GAO says the NFIP model includes data inputs that are outdated or inaccurate, relying on flood probabilities [...]" (2008-12-2)
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