Lowering Flood Insurance Costs for Region  

Lowering Flood Insurance Costs for Region

On May 6, 2013, GBRC was awarded a FEMA Community Resilience Innovation Program grant in the amount of $35,000 for a Regional Flooding Risk Assessment and Community Rating System Feasibility Study.

Recent storms raised awareness of the threat coastal and inland flooding can have in our communities, from severe damage to residential neighborhoods and flooding of roads and transportation routes.

Coastal flooding in Stratford, CT, during Hurricane Sandy in October 2012
Coastal flooding in Stratford, CT, during Hurricane Sandy in October 2012

On May 6, 2013, GBRC was awarded a FEMA Community Resilience Innovation Program grant in the amount of $35,000 for a Regional Flooding Risk Assessment and Community Rating System (CRS) Feasibility Study.  By developing a CRS, participating communities may decrease flood insurance rates.

This grant will enable GBRC to investigate the feasibility of implementing the FEMA Community Rating System (CRS) program for the GBRC member communities of Bridgeport, Easton, Fairfield, Monroe, Stratford, and Trumbull. The project will include the assessment and analysis of coastal and inland flooding risks and public meetings with residents on flood preparedness. Related activities already underway within the region include regional watershed planning, Pequonnock River Initiative, Clean Air – Cool Planet, Nature Conservancy Climate Adaptation Workshops, and the Regional Natural Hazard Mitigation Plan update.

This grant is funded by the Rockefeller Foundation and administered by the Los Angeles Emergency Preparedness Foundation. Over 1,900 businesses, community organizations, local and state government organizations and agencies submitted applications for the 2012 program and the GBRC was one of 30 recipients selected to receive funding for the feasibility study. 

The GBRC would like to thank all stakeholders, volunteers and municipal employees who have donated time and energy to the GBRC Conservation Technical Advisory Committee (CTAC) as the committee’s work made this grant award possible.

Save up to 45% on flood insurance

CRS Cost Savings

The National Flood Insurance Program's (NFIP) Community Rating System (CRS) is a voluntary incentive program that recognizes and encourages community floodplain management activities that exceed the minimum requirements.

As a result, flood insurance premium rates are discounted to reflect the reduced flood risk resulting from the community actions meeting the three goals of the CRS:

  • Reduce flood damage to insurable property;
  • Strengthen and support the insurance aspects of the NFIP, and
  • Encourage a comprehensive approach to floodplain management.

By participating in the CRS program, GBRC can help residents, businesses and local municipalities save up to 45% on flood insurance premiums. For CRS participating communities, flood insurance premium rates are discounted in increments of 5%. The CRS classes for local communities are based on 18 creditable activities, organized under four categories: Public Information, Mapping and Regulations, Flood Damage Reduction, and Flood Preparedness.

MORE INFO on NFIP >
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