National Flood Insurance Program (NFIP) Community Rating System (CRS) Presentation Texarkana, Arkansas Public Works Department
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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.
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