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.