The resulting informal dialogue between the public entity attendees and FEMA staff would provide the agency with a clear understanding of the variables involved in how public entities provide insurance coverage to their structures. FEMA's Concerns With Current Public Assistance Program Insurance side of public assistance program has been neglected over the years.
Regulations are ambiguous, stale and subject to interpretation.
FEMA has no guidance for state insurance commissioner waivers. Regulations do not address funding of deductibles. If the peril is an earthquake, reimbursement up to 10 percent of the replacement cost value of the building and 10 percent of the replacement cost value of the contents. Meetings took place around the country and the regions varied in degree and type of catastrophic exposures, however, the participants shared common concerns and observations. These common points have been noted in the full report available here for download.