Monday, July 1, 2013
U.S. National Flood Insurance Program (NFIP). The study concludes that floodplain area in the United States is projected to grow by 45% (median estimate) by 2100. Approximately 30% of this increase is due to increased flood discharge due to increasing population density while the other 70% is due to climate change. This increase in floodplain area is projected to translate into an 80% increase in NFIP policies, a 50% increase in losses per policy, and a 40% increase (current dollars) in NFIP premiums.