Download or read book Financial Management of Flood Risk written by OECD and published by OECD Publishing. This book was released on 2016-07-29 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: Disasters present a broad range of human, social, financial, economic and environmental impacts, with potentially long-lasting effects. This report applies the lessons from the OECD’s analysis of disaster risk financing practices and its risk guidance to the specific case of floods.
Download or read book Financial Management of Flood Risks written by Organisation for Economic Co-Operation and Development (OECD) and published by IWA Publishing. This book was released on 2016-10-15 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Disasters present a broad range of human, social, financial, economic and environmental impacts, with potentially long-lasting, multi-generational effects. The financial management of these impacts is a key challenge for individuals and governments in developed and developing countries. G20 Finance Ministers and Central Bank Governors and APEC Finance Ministers have recognised the importance and priority of disaster risk management strategies and, in particular, disaster risk assessment and risk financing. The OECD has supported the development of strategies for the financial management of natural and man-made disaster risks, under the guidance of the OECD High-Level Advisory Board on Financial Management of Large-scale Catastrophes and the OECD Insurance and Private Pensions Committee. This work has included the elaboration of an OECD Recommendation on Good Practices for Mitigating and Financing Catastrophic Risks and a draft Recommendation on Disaster Risk Financing Strategies; The Financial Management of Flood Risk extends this work by applying the lessons from the OECD’s analysis of disaster risk financing practices and the development of its guidance to the specific case of floods.
Download or read book Flood Risk Management in Europe written by Selina Begum and published by Springer Science & Business Media. This book was released on 2007-06-17 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt: This valuable edition brings together 25 peer reviewed articles on technical, socio-economic, environmental and policy aspects of flood risk management. Some emerging technologies are presented and several future challenges are identified. Thus the book forms an excellent reference for the engineers, scientists, planners, policy-makers, researchers, insurance industry and all the practitioners involved in flood risk management.
Download or read book Flood Risk Management written by Edmund C. Penning-Rowsell and published by Routledge. This book was released on 2019-01-22 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: Our changing climate and more extreme weather events have dramatically increased the number and severity of floods across the world. Demonstrating the diversity of global flood risk management (FRM), this volume covers a range of topics including planning and policy, risk governance and communication, forecasting and warning, and economics. Through short case studies, the range of international examples from North America, Europe, Asia and Africa provide analysis of FRM efforts, processes and issues from human, governance and policy implementation perspectives. Written by an international set of authors, this collection of chapters and case studies will allow the reader to see how floods and flood risk management is experienced in different regions of the world. The way in which institutions manage flood risk is discussed, introducing the notions of realities and social constructions when it comes to risk management. The book will be of great interest to students and professionals of flood, coastal, river and natural hazard management, as well as risk analysis and insurance, demonstrating multiple academic frameworks of analysis and their utility and drawbacks when applied to real-life FRM contexts.
Download or read book Financial and Fiscal Instruments for Catastrophe Risk Management written by John Pollner and published by World Bank Publications. This book was released on 2012-07-17 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: An insurance-like mechanism for National Governments can be tailored for country-portfolio needs for buildings, properties and critical infrastructure. By virtue of the broad territorial scope, fiscal support should use mechanisms that provide payments triggered by physical flood measurements in selected areas (rather than site-by-site losses as in the traditional insurance industry). A multi-country mechanism for insurance pooling of risks to protect infrastructure can also provide major cost efficiencies for all governments, using parametric-or index contracts. Savings from pooling can range from 25 to 33 percent of the financing costs that each country would otherwise have paid on its own. There are several instruments and options for both insurance, and debt financed mechanisms for funding catastrophes. All instruments can be analyzed based on equivalencies in terms of market spreads.
Download or read book Financial Schemes for Resilient Flood Recovery written by Lenka Slavíková and published by Routledge. This book was released on 2021-08-26 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial schemes for flood recovery, if properly designed and implemented, might increase flood resilience. However, options for the increase of flood resilience during the recovery phase are to a large extent overlooked and the diversity of existing schemes shows that there has been a lack of consensus on how to achieve resilient flood recovery. Financial Schemes for Resilient Flood Recovery investigates how the implementation of financial schemes (government relief subsidies, insurance schemes, buy-outs, etc.) might increase flood resilience. The chapters included in this edited volume address the following questions: Shall government relief subsidies exist when there is flood insurance in place, and, if so, how might they both be coordinated? Where (or how) to decide about build back better incentives and where to go for planned relocation programs? What is the distributional equity of financial schemes for flood recovery, and has it been sufficiently treated? The book covers different approaches to flood recovery schemes with specific intervention rationales in different countries. Empirical evidence provided clearly shows the great diversity of financial flood recovery schemes. This diversity of state-funded schemes, private-based insurance schemes, and hybrids as well as planned relocation schemes indicates a lack of a consistent and strategic approach in flood risk management and flood resilience about flood recovery. The chapters in this book were originally published in the Environmental Hazards.
Download or read book Flood Risk Assessment and Management written by Andreas H. Schumann and published by Springer Science & Business Media. This book was released on 2011-01-04 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: Flood catastrophes which happened world-wide have shown that it is not sufficient to characterize the hazard caused by the natural phenomenon "flood" with the well-known 3M-approach (measuring, mapping and modelling). Due to the recent shift in paradigms from a safety oriented approach to risk based planning it became necessary to consider the harmful impacts of hazards. The planning tasks changed from attempts to minimise hazards towards interventions to reduce exposure or susceptibility and nowadays to enhance the capacities to increase resilience. Scientific interest shifts more and more towards interdisciplinary approaches, which are needed to avoid disaster. This book deals with many aspects of flood risk management in a comprehensive way. As risks depend on hazard and vulnerabilities, not only geophysical tools for flood forecasting and planning are presented, but also socio-economic problems of flood management are discussed. Starting with precipitation and meteorological tools to its forecasting, hydrological models are described in their applications for operational flood forecasts, considering model uncertainties and their interactions with hydraulic and groundwater models. With regard to flood risk planning, regionalization aspects and the options to utilize historic floods are discussed. New hydrological tools for flood risk assessments for dams and reservoirs are presented. Problems and options to quantify socio-economic risks and how to consider them in multi-criteria assessments of flood risk planning are discussed. This book contributes to the contemporary efforts to reduce flood risk at the European scale. Using many real-world examples, it is useful for scientists and practitioners at different levels and with different interests.
Download or read book Financial Management Improvements Needed in National Flood Insurance Program s Financial Controls and Oversight written by Susan Ragland and published by DIANE Publishing. This book was released on 2011 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a print on demand edition of a hard to find publication. Due to the federal government's role as guarantor, floods impose an enormous potential financial burden on the federal government. Consequently, decision makers at the Dept. of Homeland Security, FEMA, and the Congress need accurate and timely financial information to assess the effectiveness of the National Flood Insurance Program (NFIP). This report assesses whether controls in place during the 2005 to 2007 time frame were effective and whether actions to improve controls are likely to address identified weaknesses. The report reviewed and analyzed FEMA/NFIP guidance, data, and financial reports, and interviewed FEMA officials and contractors. Includes recommendations. Charts and tables.
Download or read book Levees and the National Flood Insurance Program written by National Research Council and published by National Academies Press. This book was released on 2013-07-18 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Federal Emergency Management Agency's (FEMA) Federal Insurance and Mitigation Administration (FIMA) manages the National Flood Insurance Program (NFIP), which is a cornerstone in the U.S. strategy to assist communities to prepare for, mitigate against, and recover from flood disasters. The NFIP was established by Congress with passage of the National Flood Insurance Act in 1968, to help reduce future flood damages through NFIP community floodplain regulation that would control development in flood hazard areas, provide insurance for a premium to property owners, and reduce federal expenditures for disaster assistance. The flood insurance is available only to owners of insurable property located in communities that participate in the NFIP. Currently, the program has 5,555,915 million policies in 21,881 communities3 across the United States. The NFIP defines the one percent annual chance flood (100-year or base flood) floodplain as a Special Flood Hazard Area (SFHA). The SFHA is delineated on FEMA's Flood Insurance Rate Maps (FIRM's) using topographic, meteorologic, hydrologic, and hydraulic information. Property owners with a federally back mortgage within the SFHAs are required to purchase and retain flood insurance, called the mandatory flood insurance purchase requirement (MPR). Levees and floodwalls, hereafter referred to as levees, have been part of flood management in the United States since the late 1700's because they are relatively easy to build and a reasonable infrastructure investment. A levee is a man-made structure, usually an earthen embankment, designed and constructed in accordance with sound engineering practices to contain, control, or divert the flow of water so as to provide protection from temporary flooding. A levee system is a flood protection system which consists of a levee, or levees, and associated structures, such as closure and drainage devices, which are constructed and operated in accordance with sound engineering practices. Recognizing the need for improving the NFIP's treatment of levees, FEMA officials approached the National Research Council's (NRC) Water Science and Technology Board (WSTB) and requested this study. The NRC responded by forming the ad hoc Committee on Levee and the National Flood Insurance Program: Improving Policies and Practices, charged to examine current FEMA treatment of levees within the NFIP and provide advice on how those levee-elated policies and activities could be improved. The study addressed four broad areas, risk analysis, flood insurance, risk reduction, and risk communication, regarding how levees are considered in the NFIP. Specific issues within these areas include current risk analysis and mapping procedures behind accredited and non-accredited levees, flood insurance pricing and the mandatory flood insurance purchase requirement, mitigation options to reduce risk for communities with levees, flood risk communication efforts, and the concept of shared responsibility. The principal conclusions and recommendations are highlighted in this report.
Download or read book National Flood Insurance Program Background Challenges and Financial Status written by and published by DIANE Publishing. This book was released on with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Spatial Flood Risk Management written by Thomas Hartmann and published by Edward Elgar Publishing. This book was released on 2022-05-28 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Centralising the role of land and landowners, Spatial Flood Risk Management brings together knowledge from socio-economy, public policy, hydrology, geomorphology, and engineering to establish an interdisciplinary knowledge base on spatial approaches to managing flood risks.
Download or read book Water Risk and Its Impact on the Financial Markets and Society written by Thomas Walker and published by Springer Nature. This book was released on 2021-08-20 with total page 363 pages. Available in PDF, EPUB and Kindle. Book excerpt: Water risks, including the lack of access to fresh water for personal and industrial use, droughts, floods, and water contamination, are problems that are not new, yet, they are amplifying in the face of climate change, population growth, and rapid economic development. Properly identifying, measuring, and managing these risks as well as taking advantage of related mitigation opportunities is essential for the future well-being of firms across various industries, investors who invest in these firms, local and federal governments, and ultimately our society as a whole. This edited book sheds light on this topic by examining the unique measurement and modelling challenges associated with either the scarcity or overabundance of water and their interaction with finance and society. Specifically, it explores approaches to assess and operationalize water risk, examines the vulnerability of institutions and markets, and discusses strategies for risk mitigation.
Download or read book Rising Waves of Indecision written by and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Floods have a devastating impact on society, costing thousands of lives and billions of dollars annually. Scientific projections indicate that flood risk is expected to increase in the future, driven by socio-economic growth and climate change. However, managing flood risk is a complex and costly process that requires decision-making with uncertain future conditions under the fear of making irreversible, inefficient choices. To support decision-makers, flood risk assessments provide estimates of the monetary impacts of floods or the economic efficiency of adaptation investments, although they often lack spatial or temporal dynamics. In addition, homeowners also make decisions at an individual level, such as implementing building-level adaptation measures or purchasing flood insurance. Homeowners’ decisions often deviate from rationality, as it is difficult for individuals to estimate the probability and associated damage of a potential flood. This PhD dissertation explores the extent to which we can incorporate the decision-making dynamics of governments, households, and flood insurance into a flood risk assessment at different spatial scales, and how this may improve flood risk management, applied to cases in the US.
Download or read book Cities and Flooding written by Abhas K. Jha and published by World Bank Publications. This book was released on 2012-02-01 with total page 639 pages. Available in PDF, EPUB and Kindle. Book excerpt: Urban flooding is an increasing challenge today to the expanding cities and towns of developing countries. This Handbook is a state-of-the art, user-friendly operational guide that shows decision makers and specialists how to effectively manage the risk of floods in rapidly urbanizing settings--and within the context of a changing climate.
Download or read book Flood Risk Management Hazards Vulnerability and Mitigation Measures written by Jochen Schanze and published by Springer Science & Business Media. This book was released on 2007-09-17 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Floods are of increasing public concern world-wide due to increasing damages and unacceptably high numbers of injuries. Previous approaches of flood protection led to limited success especially during recent extreme events. Therefore, an integrated flood risk management is required which takes into consideration both the hydrometeorogical and the societal processes. Moreover, real effects of risk mitigation measures have to be critically assessed. The book draws a comprehensive picture of all these aspects and their interrelations. It furthermore provides a lot of detail on earth observation, flood hazard modelling, climate change, flood forecasting, modelling vulnerability, mitigation measures and the various dimensions of management strategies. In addition to local and regional results of science, engineering and social science investigations on modelling and management, transboundary co-operation of large river catchments are of interest. Based on this, the book is a valuable source of the state of the art in flood risk management but also covers future demands for research and practice in terms of flood issues.
Download or read book Drought risk management a strategic approach written by Speed, Robert and published by UNESCO Publishing. This book was released on 2016-09-19 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book National Flood Insurance Program Factors Affecting Actuarial Soundness written by Perry Beider and published by DIANE Publishing. This book was released on 2010-11 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: The vast majority of homes and small commercial buildings that are insured against flood damage in the U.S. are covered by the Nat. Flood Insur. Program (NFIP). Although the flood insurance (FI) program had been largely self-sustaining in the past, it had to borrow $17 billion from the federal Treasury to pay claims after the catastrophic hurricanes of 2005. That borrowing has highlighted questions about the program¿s financial health, including the actuarial soundness of the premium rates charged on policies that are not explicitly subsidized and the cost of paying claims for properties that have suffered multiple flood losses. This report explains how NFIP sets ¿full-risk¿ premium rates for the FI program. Charts and tables.
