Flood insurance protection: Challenges for small business, FEMA and NFIP

Recently, Business Insurance highlighted a white paper sponsored by ACE Insured concerning flood insurance (“Innovations in Flood Insurance Protections” by Jeremiah Konz).  An excerpt: In the aftermath of Superstorm Sandy, many corporate risk managers whose organizations had experienced a flood loss from the hurricane were distressed by their inability to acquire adequate limits of insurance to absorb future flood losses that might occur during the remainder of the policy period...

Getting it right on wetlands & hurricane protection

Henry Fountain, who covers science and engineering for The New York Times, is a sharp, experienced reporter and he recently showed that with an interesting article about keeping New York City and other low-lying areas safe during future storms.  An excerpt: “[E]ven the strongest proponents of natural defenses acknowledge that they are no match for a storm like Sandy, which produced a record storm surge of more than 13 feet in New York Harbor… “If a marsh or reef is effective in reducing storm surge, it is because it dissipates energy as water moves over grasses, roots, oyster shells and other materials, generating friction...

Public private partnership opportunities: Flood risk reduction projects

Q: Which natural disaster during the past 30 years has caused the greatest loss of life and property value? A: Flooding Since the 1980s, according to the National Weather Service, flooding has flooding accounts for 90% of annual damages and loss of life associated with earthquakes, tornados, hurricanes, and other natural disasters...

New Directions on Long Term Superstorm Sandy Recovery

Recently, FEMA Administrator Craig Fugate testified before Congress about a new Presidential directive transferring long-term federal recovery and mitigation efforts from FEMA to the Department of Housing and Urban Development (HUD). This is a departure from past practice when FEMA stood point throughout recovery efforts regardless of how long it stretched out...

Water resources development: The long and winding road

Though the 112th Congress is coming to an end this month, interest and appreciation in Congress for the Nation’s water resources infrastructure programs of the Army Corps of Engineers is increasing. Long-time Corps watchers are optimistic that Congress will finally move legislation in the next Congress, hopefully in 2013...