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Senate of Pennsylvania
Session of 2023 - 2024 Regular Session

MEMORANDUM

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:   Identify programs that provide premium discounts; Create incentives for local governments to undertake or continue flood mitigation efforts; and Implement necessary changes in the State’s administration of flood insurance.   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.

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Document #1

Description:	This resolution directs the Joint State Government Commission to conduct a study and provide recommendations to:   Identify programs that provide premium discounts; Create incentives for local governments to undertake or continue flood mitigation efforts; and Implement necessary changes in the State’s administration of flood insurance.

Document #2

Description:	This bill creates a legislative task force to conduct a study and provide recommendations to:   Identify programs that provide premium discounts; Create incentives for local governments to undertake or continue flood mitigation efforts; and Implement necessary changes in the State’s administration of flood insurance.