United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2008-06-16 monographic deposited born digital 94 p. GA 1.13:GAO-08-437 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-08-437 P0b002ee1803797cc f:d08437 DGPO 2010-08-12 2011-03-24 GAOREPORTS-GAO-08-437 machine generated eng fdlp REPORT GAOREPORTS-GAO-08-437 GAO-08-437 Claims processing Claims settlement Contract oversight Contractors Data integrity Flood insurance Floods Hurricanes Information management Insurance claims Insurance premiums Internal controls Monitoring Natural disasters Performance measures Policy evaluation Procurement policy Procurement regulations Program evaluation Program management Property damage claims Property losses Records management Risk management Contract mismanagement Policies and procedures FEMA National Flood Insurance Program GAO High Risk Series Other Written Product A82363 The Federal Emergency Management Agency (FEMA) and its contractors administer and implement the National Flood Insurance Program (NFIP). GAO designated NFIP as a high-risk area in March 2006, and as of December 2007, FEMA owed more than $17.3 billion to the Treasury for hurricane-related losses. Concerns have been raised about the financial condition of NFIP and FEMA's efforts to mitigate losses and monitor NFIP contractors. This report (1) describes statistical and financial trends for NFIP from 1997 through 2006, (2) assesses the extent to which flood-damaged properties were purchased to mitigate risk, and (3) evaluates procedures for monitoring NFIP-related contracts. For this study, GAO analyzed financial and statistical data on the NFIP and its mitigation programs, reviewed documentation of contract monitoring activities, and interviewed FEMA officials and contractors. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-08-437/html/GAOREPORTS-GAO-08-437.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-08-437/pdf/GAOREPORTS-GAO-08-437.pdf GAO-08-437 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-08-437 Other Written Product GAO-08-437; National Flood Insurance Program: Financial Challenges Underscore Need for Improved Oversight of Mitigation Programs and Key Contracts; Claims processing Claims settlement Contract oversight Contractors Data integrity Flood insurance Floods Hurricanes Information management Insurance claims Insurance premiums Internal controls Monitoring Natural disasters Performance measures Policy evaluation Procurement policy Procurement regulations Program evaluation Program management Property damage claims Property losses Records management Risk management Contract mismanagement Policies and procedures FEMA National Flood Insurance Program GAO High Risk Series Volume 108 Page 2255 108 Stat. 2255 Volume 113 Page 1487-1488 113 Stat. 1487-1488 Volume 118 Page 712 118 Stat. 712 Public Law 90-448 Public Law 93-234 Public Law 103-325 Public Law 106-107 Public Law 108-264 Public Law 109-90 Public Law 109-295