Wednesday, June 29, 2011
Analysis of Flood Insurance Premiums Written Versus Claims for Michigan, Florida, and Louisiana Under the National Flood Insurance Program: 1978-2010
TO: Honorable Candice S. Miller
Attention Kyle T. Burleson
FROM: Rawle O. King
Analyst in Financial Economics and Risk Assessment
This memorandum responds to your request for an analysis of flood insurance premiums and claims for Michigan, Florida, and Louisiana under the National Flood Insurance Program (NFIP). Based on data provided by the Federal Emergency Management Agency, CRS calculated premium-to-claims ratios for Michigan, Florida, and Louisiana. The ratio shows the relationship between premiums and claims: a ratio of more than 1 indicates more premiums were collected than claims paid in a given year; a ratio of less than 1 indicates that claims exceeded premiums.
Date of Report: February 14, 2011
Number of Pages: 9
Order Number: M-021411
Follow us on TWITTER at http://www.twitter.com/alertsPHP or #CRSreports
Document available via e-mail as a pdf file or in paper form.
To order, e-mail Penny Hill Press or call us at 301-253-0881. Provide a Visa, MasterCard, American Express, or Discover card number, expiration date, and name on the card. Indicate whether you want e-mail or postal delivery. Phone orders are preferred and receive priority processing.
Posted by Penny Hill Press, Inc. at 7:44 AM