Hazard Modeling

non-public insurers say they could want extra records and greater sophisticated modeling to evaluate flood chance earlier than they may start supplying flood coverage. at the equal time, danger modelers question the reliability of FEMA’s flood hazard zones, which in many areas were decided the usage of a much less state-of-the-art methodology than what's available nowadays.

GAO roundtable members stated that chance modeling companies would be liberating new flood models in the next several years, that can help non-public insurers examine flood chance. also, a developing non-public market for flood coverage would in all likelihood create a market for modeling flood hazard, attracting many companies to fill that need, they said.

further to better computer modeling, insurers say they could want get admission to to NFIP policy and claims data. 

however, FEMA officers said the privateness Act prohibits the agency from releasing specific facts. while the agency should launch information inside the mixture, some facts couldn't be provided in element. as an example, FEMA said it is able to offer zip-code degree data to communities but would want to determine the way to release property-degree statistics even as shielding the privateness of people.