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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />EXECUTIVE SUMMARY <br /> <br />Flood damage continues to increase in the United States, despite extensive flood <br />management efforts. To address the problem of increasing damage, accurate data are needed on <br />costs and vulnerability associated with flooding, Unfortunately, the available records of <br />historical flood damage do not provide the detailed information needed for policy evaluation, <br />scientific analysis, and disaster mitigation planning, <br /> <br />This study is a reanalysis of flood damage estimates collected by the National Weather <br />Service (NWS) between 1925 and 2000, The NWS is the only organization that has maintained <br />a long-term record of flood damage throughout the U,S, The NWS data are estimates of direct <br />physical damage due to flooding that results from rainfall or snowmelt. They are obtained from <br />diverse sources, compiled soon after each flood event, and not verified by comparison with <br />actual expenditures, Therefore, a primary objecti ve of the study was to examine the scope, <br />accuracy, and consistency of the NWS damage estimates to improve the data sets and offer <br />recommendations on how they can be appropriately used and interpreted, <br /> <br />This report presents the following three data sets, which are also available on the World <br />Wide Web at www,flooddamagedata,org: <br /> <br />. Estimated flood damage in the D,S, (1926-1979 and 1983-2000, by fiscal year; <br />· Estimated flood damage for each state in the U.S, (1955-1979, by calendar year, and <br />1983-2000, by fiscal year); and <br />· Estimated flood damage, by river basin, for the U,S, (1933-1975, by calendar year), <br /> <br />We found that the NWS collection and processing of flood damage data were reasonably <br />consistent from 1934 to the present, except during the period 1976-1982, Data from NWS files <br />and other sources made it possible to reconstruct state and national flood damage estimates for <br />1976-1979, However, little data was collected during 1980-1982 and large errors were <br />discovered in estimates developed later for that period, As a result, the years 1980-1982 are <br />excluded from the reanalyzed data sets: <br /> <br />Evaluation of the accuracy of the estimates led to the following conclusions: <br /> <br />1. Individual damage estimates for small floods or for local jurisdictions within a larger <br />flood area tend to be extremely inaccurate, When damage in a state is estimated to be less than <br />$50 million (in 1995 dollars), estimates from NWS and other sources frequently disagree by <br />more than a factor of two, <br /> <br />2, Damage estimates become more accurate at higher levels of aggregation. When <br />damage in a state is estimated to be greater than $500 million, disagreement between estimates <br />from NWS and other sources are relatively small (40% or less). The relatively close agreement <br />between NWS and state estimates in years with major damage is reassuring, since the most <br />costly floods are of greatest concern and make up a large proportion of total flood damage, <br /> <br />v <br />