New Disaster Prevention and Management Findings from Texas A&M University Outlined (Valuing floodplain protection and avoidance in a coastal watershed) - Insurance News | InsuranceNewsNet

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September 27, 2019 Newswires
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New Disaster Prevention and Management Findings from Texas A&M University Outlined (Valuing floodplain protection and avoidance in a coastal watershed)

Politics & Government Daily

2019 SEP 27 (NewsRx) -- By a News Reporter-Staff News Editor at Politics, Law & Government Daily -- Investigators publish new report on Disaster Preparedness - Disaster Prevention and Management. According to news reporting from Galveston, Texas, by NewsRx journalists, research stated, “Flood-related losses in the United States are increasing despite large-scale mitigation efforts. To offset the rising cost of floods, the US Congress passed legislation in 2014 that will augment insurance premiums to make the National Flood Insurance Program more actuarially sound.”

The news correspondents obtained a quote from the research from Texas A&M University, “Consequently, there is interest in lowering flood-related costs to the homeowner, both in terms of premiums and damage. This study addresses the issue by integrating premium savings and damages avoided based on several mitigation scenarios. Specifically, it examines how much policyholders within a watershed near Houston, Texas, could have saved between 1999 and 2009 had their communities introduced specific avoidance-based mitigation activities. The results indicate that homeowners and communities can offset premium rises and a majority of the damage suffered through marginal expansions of such initiatives.”

According to the news reporters, the research concluded: “However, the costs associated with their implementation could counter some of these savings, and hence they need to be considered in future work.”

For more information on this research see: Valuing floodplain protection and avoidance in a coastal watershed. Disasters, 2019;():. Disasters can be contacted at: Wiley, 111 River St, Hoboken 07030-5774, NJ, USA. (Wiley-Blackwell - http://www.wiley.com/; Disasters - http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1467-7717)

Our news journalists report that additional information may be obtained by contacting R. Blessing, Texas A&M University, Dept. of Marine Sciences, 200 Seawolf Pkwy, Galveston, TX 77554, United States. Additional authors for this research include W.E. Highfield and S.D. Brody.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1111/disa.12409. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

(Our reports deliver fact-based news of research and discoveries from around the world.)

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