|Posted:||February 21, 2023 11:16 AM|
|From:||Senator Steven J. Santarsiero|
|To:||All Senate members|
|Subject:||Combating the Rising Cost of Flood Insurance|
|In the past several years, the Federal Emergency Management Agency (FEMA) updated its flood mapping to include many properties that previously did not require flood insurance. As a result, whole communities along Pennsylvania's rivers and creeks could be devastated by plummeting property values due to unaffordable flood insurance premiums.
Given that Pennsylvania is one of the most flood-prone states in the country due to flash flooding, I plan to introduce a resolution and standalone bill to address how we can best assist residents affected by the rising cost of flood insurance.
While the proposals differ slightly in makeup – the resolution is directed at the Joint State Government Commission and the bill at a legislative task force – both would establish a study and provide recommendations to:
While premiums continue to rise due to major storms and underfunding that has left FEMA in debt, I hope that you will join me in co-sponsoring this important measure to ensure flood insurance affordability for all Pennsylvanians.
Introduced as SR44
|Description:||This resolution directs the Joint State Government Commission to conduct a study and provide recommendations to:
Introduced as SB442
|Description:||This bill creates a legislative task force to conduct a study and provide recommendations to: