logo  ST. CHARLES PARISH, LA
File #: 2019-0252    Version: 1 Name: Urging Legislators to seek affordable and long-term changes to the reauthorization of the National Flood Insurance Program (“NFIP”)
Type: Resolution Status: Postponed Indefinitely
File created: 8/19/2019 In control: Parish Council
On agenda: 8/19/2019 Final action: 8/19/2019
Enactment date: Enactment #:
Title: A resolution urging Legislators to seek affordable and long-term changes to the reauthorization of the National Flood Insurance Program ("NFIP").
Sponsors: Paul J. Hogan
Indexes: Delegate Correspondence (Misc), Floods, P and Z (Dept. of)
Attachments: 1. 2019-0252 Postponed Proposed Ord
Related files: 2019-0082, 2018-0259, 2017-0261, 2017-0313, 2018-0228, 2018-0229, 2014-0241, 2015-0089, 2015-0223, 2015-0293, 2015-0295, 2016-0150, 2016-0243, 2016-0327, 2006-0206, 2006-0323, 2006-0346, 2008-0513, 2011-0249, 2011-0250, 2012-0427, 2003-0189, 2005-0258, 2006-0327, 2007-0196, 2012-0238, 2012-0248, 2013-0416, 2013-0476, 2014-0240, 2013-0043, 2013-0125, 2013-0155, 2013-0168, 2013-0171, 2013-0315, 2013-0358, 2013-0392, 2013-0132, 2013-0227, 2021-0252, 2019-0328, 2020-0069, 2021-0248, 2021-0329, 2019-0253
2019-0252
INTRODUCED BY: PAUL J. HOGAN, PE, COUNCILMAN-AT-LARGE, DIVISION B
RESOLUTION NO. __________
Title
A resolution urging Legislators to seek affordable and long-term changes to the reauthorization of the National Flood Insurance Program ("NFIP").
Body
WHEREAS, floods are one of the most common and most destructive natural disasters in the United States; and,
WHEREAS, the National Flood Insurance Act authorizes a National Flood Insurance Program ("NFIP"); and,
WHEREAS, the NFIP is a program created by Congress to mitigate future flood losses across the United States and to further provide access to affordable flood insurance protection for property owners; and,
WHEREAS, the NFIP is designed to provide an insurance alternative to disaster assistance to meet the increasing costs of repairing damage to buildings and their contents caused by floods; and,
WHEREAS, the NFIP maintains a significant role in providing financial protection against flood events to St. Charles Parish property owners; and,
WHEREAS, the NFIP is set to expire on September 30, 2019; and,
WHEREAS, the objective with changes to the NFIP must be to provide affordable rates and sensible coverage to affected property owners; and,
WHEREAS, on June 12, 2019, the House Financial Services Committee unanimously passed legislation to reauthorize and reform the NFIP, known as H. R. 3167, which does not adequately address annual rate increases; and,
WHEREAS, on July 18, U.S. Senators Bill Cassidy and John Kennedy led a bipartisan group of senators and representatives in introducing the National Flood Insurance Program Reauthorization and Reform Act (NFIP Re), known as S. 2187; and,
WHEREAS, the proposed reauthorization provides for a five-year reauthorization and annual rate increases lowered to 9% for all policyholders (pre- and post-FIRM) from a maximum of 25% for pre-FIRM and 18% for post-FIRM; and also provides for monthly payments of premiums, as well as a means tested affordability program, inv...

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