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Pennsylvania House of Representatives
10/31/2024 08:29 PM
Pennsylvania House of Representatives
https://www.legis.state.pa.us/cfdocs/Legis/CSM/showMemoPublic.cfm?SPick=20150&chamber=H&cosponId=19238
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House of Representatives
Session of 2015 - 2016 Regular Session

MEMORANDUM

Posted: November 9, 2015 01:46 PM
From: Representative Scott A. Petri and Rep. Frank A. Farry
To: All House members
Subject: Community Rating System Incentive Program
 
In the near future, we will be introducing legislation to create a program to incentivize our communities to take steps towards implementing floodplain management plans.
Our proposal will establish the Community Rating System Incentive Program (CRSIP) and will start with an initial funding goal of $4 million.

Implemented in 1990 under the National Flood Insurance Program (NFIP), the Community Rating System (CRS) is a voluntary program for recognizing and encouraging community floodplain management activities that exceed the minimum NFIP standards. Any community in full compliance with the minimum NFIP floodplain management requirements is eligible to apply to the CRS program.

Under the program, flood insurance premium rates are discounted to reward community actions that meet the three goals of the CRS, which are:
  1. Reduce flood damage to insurable property.
  2. Strengthen and support the insurance aspects of the NFIP.
  3. Encourage a comprehensive approach to floodplain management.
The rating for the discounts is similar to fire insurance rating: as a community engages in additional mitigation activities, such as disseminating public information and enhancing mapping and regulations, the community accumulates points to improve their rating and their residents become eligible for increased NFIP policy premium discounts.

Overall, this legislation benefits the Commonwealth, local governments, and individual property owners by providing the tools to prioritize participation based on flood damage vulnerabilities, increasing opportunities to identify local and individual risks and then teaching how to minimize those risks, thereby protecting properties and enhancing public safety.

Please consider joining us in sponsoring this important public safety initiative.



Introduced as HB2129