Legislators in Baldwin, Alabama, are working toward a measure that would add $478,000 annually to flood insurance premium savings for its residents. Baldwin first entered the Community Rating System in 1995 in order to obtain better flood insurance rates on behalf of its residents. According to the system, counties that fare well in rating are eligible for discounts for insurance in the categories they score well in. Baldwin currently ranks 7 out of 10, and enjoys a 15% discount in rates. These numbers could increase if the county’s proposed modifications…
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FEMA encourages flood insurance for spring season
The high season for flooding is from February to the end of April. All depending on temperatures and predictions of record rain fall, there are many areas that are considered high risk by FEMA, the Federal Emergency Management Agency. FEMA is paying special attention to Davison County in South Dakota. On Friday, the agency released a warning: a 98% chance of minor to moderate flooding, with at least a 50% chance of major flooding. This area is home to over 20,000 people and the biggest threat is the rising waters…
Read MoreNational Flood Insurance Program update gains House’s vote
The National Flood Insurance Program has not been updated since 1994. The House voted to revamp this vital program to continue protecting homes and businesses as it has for over 40 years. Part of the Federal Emergency Management Agency (FEMA), this vital program is struggling with debt due to recent losses. Available to home and business owners in flood risk areas, the National Flood Insurance Program offers insurance to more than 5 million. This insurance is also available to over 20,000 communities that are involved in efforts to reduce flood…
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