FEMA flood maps are failing 50% of exposed Americans – chief executive

The Federal Emergency Management Agency (FEMA)’s failure to update the United States flood maps – known officially as Flood Insurance Rate Maps (FIRMs) – that dictate mandatory coverage requirements under the National Flood Insurance Program (NFIP), leaves the owners of millions of seriously flood-exposed structures with a false sense of security, according to Craig Poulton (pictured), CEO of Poulton Associates, owner of CATcoverage.com.

At least 50% of seriously flood-exposed structures in the US are not included in the Special Flood Hazard Areas (SFHA)s identified in FIRMs, he claimed. Owners of these structures believe that if their flood risk was significant,

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