Business Law : Local Mitigation Planning

Running head: LOCAL MITIGATION PLANNINGLocal Mitigation PlanningStudents NameUniversity Affiliations1LOCAL MITIGATION PLANNING2Mitigation is the attempt to lower the loss of lives and properties by reducing the effectsof disasters. To ensure effective mitigation, action needs to be taken before next disaster toreduce financial and human risks that are likely to be higher in cases of no mitigation. This is inline with the fact disaster can occur anytime and if no preparations are done the impacts can beseverely fatal. That is why the body Federal Insurance and Mitigation Administration (FIMA)was created (FEMA, 2011). The body operates within a scope of programs that manages theNational Flood Insurance Program (NFIP) and implements other programs as authorized by theCongress. Examples of these programs include; Hazard Mitigation Grant Program (HMGP),Flood Mitigation Assistance (FMA), Severe Repetitive Loss (SRL), and Pre-disaster Mitigation.Flood Mitigation Assistance aims at procuring and repositioning property in flood lands(Maryland Emergency Management Agency, 2014). On the other hand, Pre-Disaster Mitigationaims at the elimination of power interruption ...


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