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
Price: $19.95

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