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Flood insurance

Index Flood insurance

Flood insurance denotes the specific insurance coverage against property loss from flooding. [1]

14 relations: Adverse selection, Federal Emergency Management Agency, Financial market, Flood, Floodplain, Group of Eight, Hurricane Harvey, Insurance, National Flood Insurance Program, Texas, Topographic map, Tropical cyclone, Upland and lowland, 2013 Alberta floods.

Adverse selection

Adverse selection is a term commonly used in economics, insurance, and risk management that describes a situation where market participation is affected by asymmetric information.

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Federal Emergency Management Agency

The Federal Emergency Management Agency (FEMA) is an agency of the United States Department of Homeland Security, initially created by Presidential Reorganization Plan No.

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Financial market

A financial market is a market in which people trade financial securities and derivatives such as futures and options at low transaction costs.

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Flood

A flood is an overflow of water that submerges land that is usually dry.

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Floodplain

A floodplain or flood plain is an area of land adjacent to a stream or river which stretches from the banks of its channel to the base of the enclosing valley walls, and which experiences flooding during periods of high discharge.

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Group of Eight

The G8, reformatted as G7 from 2014 due to the suspension of Russia's participation, was an inter-governmental political forum from 1997 until 2014, with the participation of some major industrialized countries in the world, that viewed themselves as democracies.

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Hurricane Harvey

Hurricane Harvey is tied with Hurricane Katrina as the costliest tropical cyclone on record, inflicting $125 billion (2017 USD) in damage, primarily from catastrophic rainfall-triggered flooding in the Houston metropolitan area.

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Insurance

Insurance is a means of protection from financial loss.

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National Flood Insurance Program

The National Flood Insurance Program (NFIP) is a program created by the Congress of the United States in 1968 through the National Flood Insurance Act of 1968 (P.L. 90-448).

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Texas

Texas (Texas or Tejas) is the second largest state in the United States by both area and population.

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Topographic map

In modern mapping, a topographic map is a type of map characterized by large-scale detail and quantitative representation of relief, usually using contour lines, but historically using a variety of methods.

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Tropical cyclone

A tropical cyclone is a rapidly rotating storm system characterized by a low-pressure center, a closed low-level atmospheric circulation, strong winds, and a spiral arrangement of thunderstorms that produce heavy rain.

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Upland and lowland

Upland and lowland are conditional descriptions of a plain based on elevation above sea level.

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2013 Alberta floods

In the days leading up to June 19, 2013, Alberta, Canada, experienced heavy rainfall that triggered catastrophic flooding described by the provincial government as the worst in Alberta's history.

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References

[1] https://en.wikipedia.org/wiki/Flood_insurance

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