Upload
others
View
4
Download
0
Embed Size (px)
Citation preview
National Flood Insurance Program (NFIP)Community Rating System (CRS) Presentation
Texarkana, Arkansas Public Works Department
Texarkana, Arkansas will join the CRS Program as of
May 1, 2013.Our citizens shall receive a
5% discount on their flood insurance rate.
Getting the Word Out
►FEMA will issue a letter to the City ►Insurance agencies will receive letter►Notice will be placed on City website►Announcement will be made on Facebook►Public notice will be released to media
Acknowledgements►Paul Hackleman, Public Works Director ►Nina Walker, Chief Building Official►Rick Garner, CAD/GIS/Engineering Technician►Eston McGee, City Planner►Environmental Maintenance, Street Division ►Arkansas Department of Corrections (ADC)►Department of Community Corrections (DCC)
To Protect Lives and Property
To Provide Mitigation Through Affordable Insurance
National Flood Insurance Program
Key NFIP LegislationKey NFIP LegislationNational Flood Insurance Act of 1968:Authorized the NFIP which Makes Federally Backed Flood Insurance Available
Flood Disaster Protection Act of 1973:Mandated Flood Insurance Coverage for Properties in SFHAs and Strengthened the Incentive for Community Participation in the NFIP
National Flood Insurance Reform Act of 1994:Established the CRS Program and a 30-Day Waiting Period for Flood Insurance Purchase
NFIP Reform Act of 2004:Reformed the NFIP to Address the Repetitive Loss Properties which have had Multiple Claims on the program.
Community Rating SystemPurpose and Goals
►The National Flood Insurance Program’s (NFIP) Community Rating System (CRS) is a voluntary incentive program that recognizes and encourages community floodplain management activities that exceed the minimum NFIP requirements.
Exceeding Minimum Requirements
► Resolution #702, June 5, 1972, joined the NFIP to establish floodplain premium rates for citizens
► Ordinance #L-361, September 8, 2009, establishing two (2) feet of freeboard for all new construction in the floodplain
► prohibits construction in the floodway except where construction does not increase flood levels
► Provide floodplain information to citizens upon request► Provide flood maps that are based on the most recent
information provided by flood studies and FEMA Map Service
Exceeding Minimum Requirements
►Maintaining creeks and drainage ditches ►Enforcing erosion control requirement on
jobsites and in areas prone to erosion.►Removing storm debris in a timely manner
after a rain event.►Utilizing some areas of floodplain as public
parks►Public outreach project
As a CRS Community, flood insurance premium rates are discounted to reflect the reduced flood risk resulting from the communities actions meeting the three goals of CRS:
►Reduce flood damage to insurable property
►Strengthen and support the insurance aspect of the NFIP
►Encourage a comprehensive approach to floodplain management.
Of the 503 Arkansas Incorporated Municipalities, 14 participate in the
Community Rating Systemallowing insurance rate deductions
►City of Arkadelphia►City of Benton►Benton County►City of Bentonville►City of Blytheville►City of Bono►City of Bryan
►Garland County ►City of Hot Springs►City of Jacksonville►City of Jonesboro►City of Little Rock ►City Of Van Buren►City of West Memphis
Community Rating Discounts
6 Cities are Class 9 with a 5% discount 6 Cities are Class 8 with a 10% discount 2 Cities are Class 7 with a 15% discount Texarkana will be a Class 9 City with a
5% discount rate
Insurance Overview for Texarkana
► Insurance in Force $24,198,700
► Total Number of Policies 179
► Total Premiums $131,420
► Average Premium $734
Community Rating System Discounts
► Class 9 Per Policy $32 (5%) Per Community $5,746
► Class 8 Per Policy $60 (10%) Per Community $10,801
► Class 7 Per Policy $89 (15%) Per Community $15,856
City of Texarkana, Arkansas Public Worksstaff is aware that The Biggert-Waters Flood Insurance Reform Act of 2012, if not nullified by Congress, shall increase flood insurance rates beginning August 1, 2013.
This action will make the CRS discount of 5% even more important for the citizens required to have flood insurance.
Contact your congressional representatives should you desire to influence theirdecision on this matter.