FEMA awards flood insurance support deal to CSC
- By Roseanne Gerin
- Nov 07, 2005
The Federal Emergency Management Agency and Computer Sciences Corp. have signed an agreement that will help bring financial relief to home owners and businesses in areas ravaged by the costliest hurricane season in U.S. history.
The El Segundo, Calif., company won a contract potentially worth $35 million from FEMA to continue supporting the agency's National Flood Insurance Program.
The new award is a follow-on to a 1999 contract with FEMA under which CSC provides training, consultation and analytical support services as the National Flood Insurance Program's bureau and statistical agent. CSC has worked with the program since 1983.
Under the new contract, which is for three months with two one-year options, CSC will continue as liaison between the government and more than 90 independent property and casualty insurance companies that issue federally guaranteed National Flood Insurance Program policies.
CSC will furnish the government with actuarial, financial and statistical analyses and deliver flood-related training, consultation and support materials and information clearinghouse services.
CSC processed more than $2 billion in flood insurance transactions for the flood insurance program last year.
Congress established the National Flood Insurance Program in 1968 to reduce the cost of federal disaster relief payments after major floods. It offers affordable flood insurance to homeowners, renters and business owners in participating communities that adopt sound management practices to diminish future damage.
At present, 4.6 million program policies are in effect in nearly 20,000 participating communities in the United States, Puerto Rico, the Virgin Islands and Guam.Roseanne Gerin is a staff writer for
Government Computer News' sister publication, Washington Technology