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National Flood Insurance Program

Update FEMA RoundtableAugust 15, 2013

JEFFERSON ORLEANS PLAQUEMINES ST. BERNARD ST. CHARLES ST. JAMES

ST. JOHN THE BAPTIST ST. TAMMANY TANGIPAHOA WASHINGTON

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A Growing Coalition

23 Parishes

16 States (+6 in process)

Associations: LA Bankers

LA Realtors

LA Homebuilders

LA Chamber Executives

National Waterways

Conference

National Levee IssuesAlliance

GNO, Inc. is leading a growing national coalition

to address the NFIP challengethe Coalition for Sustainable Flood Insurance (CSFI)

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Current Challenges

1. Phase-Out of Grandfathering

2. Incomplete Mapping

3. Questionable Calculations

The Coalition for Sustainable Flood Insurance has identifiedthree major problems:

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Challenge #2

Incomplete Mapping

New FEMA maps, which outline new base flood elevations, do not

recognize protection offered by non Corps certified levees. As part of

GNO, Inc.s Action Plan, we invited David Miller, head of the NFIP, to

South Louisiana to visit our flood protection features.

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Roundtable with David Miller

LA Congressional Delegation, FEMA Associate Administrator

David Miller, Dale BenoitParticipants at Roundtable with David Miller

On August 8, GNO, Inc. hosted a roundtable with David Miller,

Associate Administrator for FEMA, the Louisiana Congressional

Delegation, and state, local and business leaders.

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Outcome of Roundtable

As a result of the roundtable, GNO, Inc. was charged with producing a

report to get to the bottom of several unanswered questions.

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How is the $25B NFIP deficit

calculated?

Over the last 30 years, $6B more

in premiums have been collectedthan have been paid out.

What accounts for the $31Bnegative swing?

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What portion of premiums actually

goes towards coverage?

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What additional programs beyond

flood insurance are fundedby NFIP premiums?

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How many policy-holders will be

affected by drastic (>500%)premium increases?

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When will actuarial table rates

be released to the public?

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Was any money swept from FEMA

accounts by the federalgovernment in years of surpluses,

and if so, how much?

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40% of federally backed mortgages

that are required to have floodinsurance do not. Why is this not

enforced?Would the program be solvent if

everyone who is required topurchase flood insurance actually

purchased it?

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An Important Question

Until these basic questions about the structure and management of

NFIP are answered, should innocent, tax-paying Americansbe destroyed to support the program?