2019-0253
INTRODUCED BY: JULIA FISHER-PERRIER, COUNCILWOMAN, DISTRICT VII
WENDY BENEDETTO, COUNCILWOMAN-AT-LARGE, DIVISION A
TERRELL D. WILSON, COUNCILMAN, DISTRICT I
MARY K. CLULEE, COUNCILWOMAN, DISTRICT II
DICK GIBBS, COUNCILMAN, DISTRICT III
WILLIAM BILLY WOODRUFF, COUNCILMAN, DISTRICT IV
MARILYN B. BELLOCK, COUNCILWOMAN, DISTRICT V
TRACI A. FLETCHER, COUNCILWOMAN, DISTRICT VI
RESOLUTION NO. 6433
Title
A resolution urging Legislators to include local and state stakeholders in the process of drafting legislation for the reauthorization of the National Flood Insurance Program (NFIP) and supporting legislation for the reauthorization of NFIP.
Body
WHEREAS, supporting legislation for the reauthorization of NFIP which provides for long-term reauthorization with a focus on affordability, efficiency, fairness, accountability and sustainability of the program; and,
WHEREAS, supporting legislation for the reauthorization of NFIP which invests in mitigation, reforms the administration and claims processes, and bolsters NFIP solvency; and,
WHEREAS, supporting legislation for the reauthorization of NFIP which modernizes flood mapping and flood risk accuracy; and,
WHEREAS, supporting legislation for the reauthorization of NFIP which increases accountability and consumer protections in the NFIP private markets; and,
WHEREAS, supporting legislation for the reauthorization of NFIP which provides for specific language to be included should address:
Affordability though limiting rate increases to no more than five percent per year on any policy, inclusive of any surcharges and fees, especially given potential rate increases due to FEMA's Risk Rating 2.0 initiative. Preserve grandfathering. Please a hard cap on annual premiums of one percent of the total coverage of the property. Rates should be maintained as affordable for all policyholders.
Mitigation through increasing federal investment in property and community mitigation, not only through loans,...
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