Studies from Texas A&M University Update Current Data on Disaster Risk Reduction (Determining the effects of the FEMA Community Rating System... - Insurance News | InsuranceNewsNet

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July 7, 2017 Newswires
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Studies from Texas A&M University Update Current Data on Disaster Risk Reduction (Determining the effects of the FEMA Community Rating System…

Politics & Government Week

Studies from Texas A&M University Update Current Data on Disaster Risk Reduction (Determining the effects of the FEMA Community Rating System program on flood losses in the United States)

By a News Reporter-Staff News Editor at Politics & Government Week -- A new study on Disaster Risk Reduction is now available. According to news reporting originating from Galveston, Texas, by VerticalNews correspondents, research stated, "Among all natural hazards inflicting the United States floods continue to impose the most economic disruption. Increasing physical risk coupled with development in flood-prone areas has amplified the adverse economic and human impacts of flooding."

Our news editors obtained a quote from the research from Texas A&M University, "In an effort to counter mounting flood losses, the U.S. Federal Emergency Management Agency introduced the Community Rating System in 1990 as a way to incentivize local jurisdictions to exceed the existing minimum standard for floodplain management. In response to the lack of comprehensive knowledge on the effectiveness of the CRS, this study quantitatively evaluates the difference in flood losses experienced by CRS-participating communities. We pose the following research question: do CRS communities incur lower losses than non-CRS communities when accounting for contextual environmental and socioeconomic characteristics? Results from a two-step analysis consisting of propensity score matching and pooled linear regressions indicate that the CRS program has had a statistically significant effect on reducing the amount of insured flood losses incurred by communities across the U.S."

According to the news editors, the research concluded: "In addition to receiving discounts on insurance premium rates, communities participating in the CRS also experienced a 41.6% overall average reduction in flood claims compared to communities with similar characteristics that do not participate."

For more information on this research see: Determining the effects of the FEMA Community Rating System program on flood losses in the United States. International Journal of Disaster Risk Reduction, 2017;21():396-404. International Journal of Disaster Risk Reduction can be contacted at: Elsevier Science Bv, PO Box 211, 1000 Ae Amsterdam, Netherlands. (Elsevier - www.elsevier.com; International Journal of Disaster Risk Reduction - www.journals.elsevier.com/international-journal-of-disaster-risk-reduction/)

The news editors report that additional information may be obtained by contacting W.E. Highfield, Texas A&M University, Dept. of Marine Sci, Center Texas Beaches & Shores, Galveston, TX 77553, United States.

Keywords for this news article include: Galveston, Texas, United States, North and Central America, Disaster Risk Reduction, Texas A&M University.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2017, NewsRx LLC

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