Emergency management Essay Example | Topics and Well Written Essays - 250 words

Emergency management - Essay ExampleAt its line in 1968, NFIP provided insurance to citizens living near coastal areas. However, the government provided subsidies mainly to offset measuring rods for poor families and swerve policy implicated economic effects. However, management of Katrina Hurricanes, Wilma, and Rita caused NFIP to run in debts. Consequently, the government placed a bill that significantly faced out flood insurance subsidies.It is important to note that discontinuing federal official subsidies and maturation in insurance rates would result into social and economic effects in the country. First, facing out the federal subsidies would significantly increase the cost of purchasing or managing an already built home. The inherent NFIP insurance premiums would additively increase property prices. Consequently, most citizens would not have the economic capacity to purchase homes either in low-toned or high flood areas.Moreover, since high flood zones including Mississ ippi and Louisiana would incur higher NFIP insurance rates, economic value of home property would significantly remain higher. Consequently, most citizens from other US regions would not wish to relocate to such flood-prone areas. Essentially, such occurrence would fundamentally discourage social life of US citizens by denying integration of persons from low and high flood zone areas. Therefore, it is imperious for the federal government to forefend discontinuing flood insurance subsidies to help mitigate potential socio-economic