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FEMA News You Can Use

by | Feb 25, 2019 | ASFPM, News & Views

FEMA
Chief Brock Long resigns.

FEMA Chief Brock Long resigns. Peter Gaynor will serve as Acting FEMA
Administrator: https://www.fema.gov/news-release/2019/02/13/resignation-fema-administrator-brock-long

FEMA Renews its Reinsurance
Program by Transferring $1.32 Billion of Flood Risk to the Private Market

Under the Jan. 1, 2019 Reinsurance Agreement, reinsurers agreed to
indemnify FEMA for flood losses from individual flood events. FEMA paid a total
premium of $186 million for the coverage. The agreement is structured to cover:

14% of losses
between $4 billion and $6 billion,

25.6% of
losses between $6 billion and $8 billion, and

26.6% of
losses between $8 billion and $10 billion.

To date, FEMA has transferred $1.82 billion of the NFIP’s flood risk for
the 2019 hurricane season to the private sector. This yearly traditional
reinsurance placement is in addition to the multi-year capital markets
reinsurance placement for $500 million, which occurred in August 2018. Read
more here.

FEMA releases its
2018–2022 Strategic Plan is to Build a Culture of Preparedness

The report
highlights the vast diversity of American communities and households,
indicating that a one-size-fits-all strategy is not well suited to the specific
demands of variable and distinctive environments will have to be built one
community at a time. Preparedness is a local matter, requiring solutions
tailored to different cultural contexts and embraced by communities. Supporting
the vision of a resilient nation in the Strategic Plan requires us to think in
the plural, in terms of building “Culture(s) of Preparedness.”

National
Inventory of Dams Now Available to the Public

The NID is available at http://nid.usace.army.mil and was populated using
the 116th congressional district information and all charts, queries and maps
reflect the most current NID database. State and federal dam regulators
provided their data from May to November 2018 for inclusion in the 2018
database.

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