Flooding in Key West during Hurricane Wilma in 2005.
National Flood Insurance Program provides affordable flood insurance. Congress
must reauthorize the federal program every 5 years. The current
authorization expires September 30, 2017. Each reauthorization
presents an opportunity for Congress to make changes (“reforms”) to the
program, or even decide whether to continue the program.
County has made reauthorization of NFIP in a manner that protects the program’s
affordability and accessibility to property owners a top federal legislative
last reauthorization of NFIP, in 2012, gave us the infamous “Biggert-Waters”
reforms (BW), which raised premiums significantly and phased out coverage for
many. We saw specific examples of premiums increasing 10x under the
Biggert Water reforms.
BW passed in 2012, it was quickly repealed and replaced with the Homeowner
Flood Insurance Affordability Act (“HFIAA”) in 2014. This Act reversed the most
harmful provisions of BW, and put in place a glide path for gradual premium
increases. Notwithstanding HFIAA’s reprieve, policyholders will continue
to absorb year-over-year premium increases with certain subsidized risk
classifications exposed to continuous increases until premiums reach a rate NIFP
determines to be actuarially-based.
NFIP implements rate increases at the top of the glide path (18%), affordability
will rapidly become a substantial concern. HFIAA also did not protect
business property and second homes, which face 25 percent year-over-year
is critically important during the current reauthorization that we stay
actively engaged in the legislative process, closely monitoring congressional
activity and proposed legislative changes – and advocating for preserving
affordable premiums and protecting the program.
is providing leadership to the Florida Association of Counties’ federal
committee on NFIP, and working with FAC on outreach to the Florida
delegation. Monroe County Commissioner Heather Carruthers presented a
resolution to the FAC federal committee at the June FAC conference and secured
its support and approval.
are now taking that resolution to the National Association of Counties (NACO)
to be heard at the national conference in July, for inclusion in their
legislative platform. We are seeking to secure NACO’s advocacy for
precisely the concerns we have around affordability, accessibility,
strengthening the long-term sustainability of the program and mitigation
are currently working with U.S. Rep. Carlos Curbelo to address concerns with
proposed NFIP reauthorization legislation in the House and with U.S. Senators
Bill Nelson and Marco Rubio to support the pending NFIP bills in the
communities are the nation’s hubs for energy productions, international trade,
agricultural productions, defense activities and tourism, generating $6.6 trillion
in economic activity and 46 percent of the nation’s Gross Domestic Product (GDP).
Coastal communities also are home to nearly 40 percent of all Americans.
Affordable and sustainable flood insurance is an integral component of ensuring
these communities continue their vital contributions to the United States.
FEMA's National Flood Insurance Program Website
2017 NFIP Reauthorization White Paper with Monroe and FAC position
2017 Top Concerns with House of Representatives NFIP Legislation
NOAA's National Coastal Population Report: 1970 to 2020
2016 NFIP Overview and Importance - FAC and Monroe Presentation in D.C.
2016 NFIP Affordability and Program Stability Research
Biggert Waters Archival Documentation: