The most common reference for flood risk is the flood insurance-rate maps, also known as 100-year floodplain maps, that the Federal Emergency Management Agency (FEMA) produces. They designate so-called special flood hazard areas that have a roughly 1% chance of inundation in any given year. P...
An additional argument can be made that eventual savings from mitigation activities would accrue to not only the National Flood Insurance Program (NFIP) but also the private insurance industry as losses are reduced. For that reason, it might be argued, payments for at least one program, the FM...