Hello,
Thank you for attending yesterday’s flood insurance Briefing at City Hall. Attached is the presentation for your information. If you have colleagues that were unable to attend yesterday, but you think they would be interested in getting this information, please feel free to invite them to our second information session tomorrow, Wednesday, March 25th from 5-6:30 PM. There will also be a webinar on April 14th at 11AM. Please make sure that anyone you invited sends an RSVP to Erika Lindsey elindsey@cityhall.nyc.gov, so we ensure that we have enough space.
In the meantime, please visit http://floodhelpny.org to learn about your flood risk.
Regards,
Jacqlene Moran | Public Outreach and Engagement Liaison
NYC Mayor’s Office of Recovery and Resiliency
253 Broadway - 10th floor | New York, NY 10007
212-676-3038 | jmoran@cityhall.nyc.gov
nyc.gov/planyc | nyc.gov/resiliency | nyc.gov/greenyc
Trillions of dollars in properties and developments along the coastal U.S. are being threatened by a warming planet, according to a groundbreaking government study released in 2018. The threat is not limited to coastal properties. And the threat is not limited to coastal properties. This article covers flood risk management trends, government regulations and insurance, and offers links to many online resources.
A look at the rebuilding process in New Orleans after Hurricane Katrina, and the lessons learned. Important considerations in rebuilding include plans for housing, economic development, neighborhood renewal, health and education, and enhanced public institutions and organizations. It's important to focus on creating a strategic framework for restoring communities, not just buildings. Focus in particular on young adults -- 18-24 -- because they are the future of the community.
Trillions of dollars in properties and developments along the coastal U.S. are being threatened by a warming planet, according to a groundbreaking government study released in 2018. The threat is not limited to coastal properties. And the threat is not limited to coastal properties. This article covers flood risk management trends, government regulations and insurance, and offers links to many online resources.
A look at the rebuilding process in New Orleans after Hurricane Katrina, and the lessons learned. Important considerations in rebuilding include plans for housing, economic development, neighborhood renewal, health and education, and enhanced public institutions and organizations. It's important to focus on creating a strategic framework for restoring communities, not just buildings. Focus in particular on young adults -- 18-24 -- because they are the future of the community.
Beach Access Plaza - Presentation at BHPOA on October 21, 2014Rose Klein
This is the report given by Hank Iori and John Signorelli on October 21,2014 at the Belle Harbor Property Owners Association meeting at PS114 in Belle Harbor, Queens, NY.
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Slide presentate a "Il racconto della politica sui social network", Università di Torino, 18 settembre 2015.
Learn about all the evidences for the Bible, such as medical evidences, the Bible and Science, the evidences for Jesus, slavery in the Bible, and much more.
Flood Insurance and Flood Zone Designations-The basics of Flood insurance, history of the NFIP, Options available in 2017 & 2018.
WWW.NationalFloodInsurance.Org
Beach Access Plaza - Presentation at BHPOA on October 21, 2014Rose Klein
This is the report given by Hank Iori and John Signorelli on October 21,2014 at the Belle Harbor Property Owners Association meeting at PS114 in Belle Harbor, Queens, NY.
Cos'è cambiato nella consulenza politica con i social media?
Slide presentate a "Il racconto della politica sui social network", Università di Torino, 18 settembre 2015.
Learn about all the evidences for the Bible, such as medical evidences, the Bible and Science, the evidences for Jesus, slavery in the Bible, and much more.
Flood Insurance and Flood Zone Designations-The basics of Flood insurance, history of the NFIP, Options available in 2017 & 2018.
WWW.NationalFloodInsurance.Org
An overview of the 2013 changes and modifications to the National Flood Insurance Program (NFIP) presented at the September 4, 2013 Lunch and Learn at the Charleston Trident Association of REALTORS (CTAR)
Burnett preparing for nk rising tides-091913riseagrant
National Flood Insurance Program – What changes are happening in Rhode Island?
North Kingstown Community Center
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Michelle Burnett
Rhode Island State Floodplain Manager
Rhode Island Emergency Management Agency
Affordability of Multifamily Flood Insurance in New YorkHR&A Advisors
This 2016 study examines the unique challenges face by owners and operators of multifamily structures located in NYC's floodplain, and the impact of flood insurance reform on these buildings.
The U.S. government subsidizes flood insurance because those who wan.pdfseasonsnu
The U.S. government subsidizes flood insurance because those who want to buy it live in the
flood plain and cannot get it at reasonable rates. What inefficiency does this create
Solution
As Hurricane Sandy continues to batter the Eastern seaboard of the U.S., one thing is for certain:
insurance companies will be ponying up for billions of dollars in property damage caused by
high winds. Last year’s Hurricane Irene cost insurance providers more than $4 billion in damage
claims, with flood-insurance payments totaling nearly $1.3 billion.
But what many Americans may not know is that this $1.3 billion was a bill footed by the federal
government, which underwrites the vast majority of flood insurance across the nation.
Historically, insurance companies have been wary of offering flood insurance to homeowners
because the risks associated with flood insurance are difficult to forecast, so any private
insurance that had been offered was prohibitively expensive for average homeowners.
But in the 1960s, frequent flooding of the Mississippi River was driving up the costs of federal
disaster-relief programs. In an effort to reduce these costs,Congress set up the National Flood
Insurance Program (NFIP) to provide flood insurance to the general public and promote effective
floodplain management. Under the program, homeowners in certain areas of the U.S. are
required to buy flood insurance, and communities that hope to benefit from the program have to
enforce city-planning regulations set out by FEMA, which manages NFIP.
(MORE: Banks Waive Fees for Residents in Path of Hurricane Sandy)
Though the program has been effective at making flood insurance widely available, a growing
chorus of critics from environmentalists to libertarians has been attacking it for encouraging
homeowners to build recklessly in areas that are prone to flooding. For instance, Ira Stoll wrote
yesterday in the New York Sun:
“Hurricane casualties are partly the result of unintended consequences of government actions:
without federal flood insurance, many fewer people would take the risk of living in low-lying
areas vulnerable to storm surges.”
There is evidence to support the view that the government is actually encouraging citizens to live
in areas most in danger of flood damage. According to a 2010 report issued by the Institute for
Policy Integrity, Congress has historically set the premium rate too low for flood insurance —
effectively subsidizing building in flood-prone areas at the expense of taxpayers at large. This
practice has helped drive the fund $19 billion in debt, caused mostly by the unusually severe
damage caused by Hurricane Katrina.
In addition, the report argued that the environmental effects of the federal government’s flood-
insurance policy may be more severe than the financial effects. According to the report:
“River basins and coastal zones provide natural purification of water and wastewater; erosion
control and weather mitigation; and habitat for fish and wildl.
What is the point of small housing associations.pptxPaul Smith
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Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
Russian anarchist and anti-war movement in the third year of full-scale warAntti Rautiainen
Anarchist group ANA Regensburg hosted my online-presentation on 16th of May 2024, in which I discussed tactics of anti-war activism in Russia, and reasons why the anti-war movement has not been able to make an impact to change the course of events yet. Cases of anarchists repressed for anti-war activities are presented, as well as strategies of support for political prisoners, and modest successes in supporting their struggles.
Thumbnail picture is by MediaZona, you may read their report on anti-war arson attacks in Russia here: https://en.zona.media/article/2022/10/13/burn-map
Links:
Autonomous Action
http://Avtonom.org
Anarchist Black Cross Moscow
http://Avtonom.org/abc
Solidarity Zone
https://t.me/solidarity_zone
Memorial
https://memopzk.org/, https://t.me/pzk_memorial
OVD-Info
https://en.ovdinfo.org/antiwar-ovd-info-guide
RosUznik
https://rosuznik.org/
Uznik Online
http://uznikonline.tilda.ws/
Russian Reader
https://therussianreader.com/
ABC Irkutsk
https://abc38.noblogs.org/
Send mail to prisoners from abroad:
http://Prisonmail.online
YouTube: https://youtu.be/c5nSOdU48O8
Spotify: https://podcasters.spotify.com/pod/show/libertarianlifecoach/episodes/Russian-anarchist-and-anti-war-movement-in-the-third-year-of-full-scale-war-e2k8ai4
Understanding the Challenges of Street ChildrenSERUDS INDIA
By raising awareness, providing support, advocating for change, and offering assistance to children in need, individuals can play a crucial role in improving the lives of street children and helping them realize their full potential
Donate Us
https://serudsindia.org/how-individuals-can-support-street-children-in-india/
#donatefororphan, #donateforhomelesschildren, #childeducation, #ngochildeducation, #donateforeducation, #donationforchildeducation, #sponsorforpoorchild, #sponsororphanage #sponsororphanchild, #donation, #education, #charity, #educationforchild, #seruds, #kurnool, #joyhome
This session provides a comprehensive overview of the latest updates to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (commonly known as the Uniform Guidance) outlined in the 2 CFR 200.
With a focus on the 2024 revisions issued by the Office of Management and Budget (OMB), participants will gain insight into the key changes affecting federal grant recipients. The session will delve into critical regulatory updates, providing attendees with the knowledge and tools necessary to navigate and comply with the evolving landscape of federal grant management.
Learning Objectives:
- Understand the rationale behind the 2024 updates to the Uniform Guidance outlined in 2 CFR 200, and their implications for federal grant recipients.
- Identify the key changes and revisions introduced by the Office of Management and Budget (OMB) in the 2024 edition of 2 CFR 200.
- Gain proficiency in applying the updated regulations to ensure compliance with federal grant requirements and avoid potential audit findings.
- Develop strategies for effectively implementing the new guidelines within the grant management processes of their respective organizations, fostering efficiency and accountability in federal grant administration.
Many ways to support street children.pptxSERUDS INDIA
By raising awareness, providing support, advocating for change, and offering assistance to children in need, individuals can play a crucial role in improving the lives of street children and helping them realize their full potential
Donate Us
https://serudsindia.org/how-individuals-can-support-street-children-in-india/
#donatefororphan, #donateforhomelesschildren, #childeducation, #ngochildeducation, #donateforeducation, #donationforchildeducation, #sponsorforpoorchild, #sponsororphanage #sponsororphanchild, #donation, #education, #charity, #educationforchild, #seruds, #kurnool, #joyhome
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
2. CONFIDENTIAL
2
Executive Summary: Flood Insurance in NYC
New Preliminary FEMA Flood Insurance Rate Maps (FIRMs) have been issued for
New York City
• Expand floodplain and flood insurance purchase requirements significantly
• Expect FIRMs to be official for insurance purposes after 2016
Federal legislation has changed FEMA’s National Flood Insurance Program
removing long-standing subsidies
City is taking steps to mitigate risk
• $19.5B resiliency plan including enhancing coastal defenses
• Flood insurance affordability studies
Key actions for residents:
• Understand their risk and flood insurance purchase requirements
• Buy flood insurance: call at least 3 agents for quotes
• Consult resources for help
3. CONFIDENTIAL
3
Agenda
FEMA NFIP Overview
FEMA Flood Maps
FEMA Flood Insurance Reform
Key Communication Timeline and Messages
City Efforts and Next Steps
4. CONFIDENTIAL
4
The Biggert-
Waters Act
passes
History of Flood Insurance
National Flood
Insurance Program
created within HUD
Great Mississippi
Flood
New York City
adopts its first
Flood Insurance
Rate Map
Mandatory
Flood Insurance
Purchase
Requirement
Hurricane
Katrina hits
the Gulf Coast
The Homeowner
Flood Insurance
Affordability Act is
passed
Hurricane Sandy
hits the Northeast
1927
1968
1973
1983
2005 2014
2012
1979
FEMA
established and
NFIP moved from
HUD to FEMA
5. CONFIDENTIAL
5
FEMA’s National Flood Insurance Program
Voluntary program based on a
mutual agreement between the
Federal government and the
local community:
In exchange for adopting and
enforcing sound floodplain
management regulations and
mitigating risk, Federally-backed
flood insurance is made
available to property owners
and renters throughout the
community.
6. CONFIDENTIAL
6
FEMA’s National Flood Insurance Program
Program
Player Responsibility
Administers NFIP
Underwrites almost all
residential flood risk
Sample providers who sell
flood insurance policies and
manage claims as per
FEMA’s guidance
7. CONFIDENTIAL
7
Agenda
FEMA NFIP Overview
FEMA Flood Maps
FEMA Flood Insurance Reform
Key Communication Timeline and Messages
City Efforts and Next Steps
8. CONFIDENTIAL
8
Key functions:
Shows current flood risk
Defines Special Flood Hazard Area (SFHA)
VE, AE and AO zones
“100-year floodplain” with 1% annual
chance of flood
(~26% chance over a 30-yr mortgage)
Determines flood insurance requirements
If you have a federally backed
mortgage or received federal disaster
assistance, including assistance
through Build it Back
Informs building code standards
FEMA’s Flood Insurance Rate Maps (FIRMs)
FEMA’s flood maps are developed as part of the National Flood Insurance Program.
9. CONFIDENTIAL
9
FEMA 2007 Flood Insurance Rate Maps (FIRMs)
FEMA 2007 FIRMs 100-year Floodplain
Source: FEMA
Flood Insurance Rate Maps
Prior to Sandy, FEMA’s 2007 FIRMs were the best indicator of the city’s vulnerability to
flooding.
100-year Floodplain*
2007
FIRMs
Residents 218,000
Jobs 214,000
Buildings 36,000
1-4 Family 26,000
Floor Area
(Sq Ft.)
377M
FIRMs not significantly updated
since 1983
In 2007, digitized existing paper
maps, did not update accuracy
1983 maps based on outdated
topography and weather data
* Numbers are rounded for clarity
10. CONFIDENTIAL
10
FEMA 2007 FIRMs 100-year Floodplain
Sandy Inundation Area (outside the 100-year Floodplain)
Source: FEMA
Damage outside 2007 100-year
floodplain:
• > 1/3 of red- and yellow-
tagged buildings
• ~ 1/2 of impacted residential
units
• > 1/2 of impacted buildings
Flood Insurance Rate Maps
Sandy demonstrated that New York was more vulnerable than previously thought.
FEMA 1983 FIRMs vs. Sandy Inundation Area
11. CONFIDENTIAL
11
100-year Floodplain*
2007
FIRMs
2013
PFIRMs
Change
(%)
Residents 218,000 400,000 83%
Jobs 214,000 290,800 35%
Buildings 36,000 71,500 99%
1-4 Family 26,000 53,000 104%
Floor Area
(Sq Ft.)
377M 532M 42%
FEMA 2013 Preliminary FIRMs 100-year Floodplain
FEMA 2007 FIRMs 100-year Floodplain
* Numbers are rounded for clarity
Flood Insurance Rate Maps
The most recent maps, called Preliminary FIRMs, were released in December 2013 and
show a floodplain that is 51% larger than previously.
FEMA 2007 FIRMs vs. Preliminary FIRMs
Homeowners with a federally-
backed mortgage in the 100-year
floodplain are required to buy
flood insurance
Source: FEMA
12. CONFIDENTIAL
12
Source: FEMA
FEMA 2013 Preliminary FIRMs 100-year Floodplain
Projected 2020s 100-year Floodplain
Projected 2050s 100-year Floodplain
Source: FEMA; CUNY Institute for Sustainable Cities
* Numbers are rounded for clarity
Flood Insurance Rate Maps
Given the City’s projections on sea level rise, these floodplains will extend even further by
the 2020s and into the 2050s.
Projected floodplain for the 2020s and 2050s 100-year Floodplain*
2013
PFIRMs
2050s
Projected
Change
(%)
Residents 400,000 801,000 100%
Jobs 290,800 555,700 91%
Buildings 71,500 114,000 59%
1-4 Family 53,000 84,000 104%
Floor Area
(Sq Ft.)
534M 855M 42%
13. CONFIDENTIAL
13
2009 - 2012 2013 2014
Comments and appeals
Final mapping
Preliminary Flood Insurance
Rate Maps (FIRMs) released
FIRM adopted
Activity
FEMA conducts regional
technical flood study
www.region2coastal.com
www.nyc.gov/floodmaps
Flood Insurance Rate Map Update
2015 2016
Insurance purchase requirements don’t take effect until maps are adopted
Today
14. CONFIDENTIAL
14
Appeals and Comments Process
Public review period of Flood Insurance Rate Maps
Comments Appeals
Location of municipal boundaries
Road name errors and revisions
Requests to incorporate Letters of Map
Change (LOMAs, LOMR-Fs and LOMRs)
Other possible omissions or potential
improvements to the maps
New or modified BFEs
Floodplain boundaries
SFHA zone designations
Accepted anytime 90-day statutory period
N/A
Must be based on scientific and
technical issues with FEMA
methodology and mapping
Must contain supporting data and
documentation
Timing
Requirements
What
submissions
can address
15. CONFIDENTIAL
15
Agenda
FEMA NFIP Overview
FEMA Flood Maps
FEMA Flood Insurance Reform
Key Communication Timeline and Messages
City Efforts and Next Steps
16. CONFIDENTIAL
16
NFIP Challenges
• Pre-Sandy, NFIP was $18B
in debt to Treasury ($16B
from Katrina)
• Expected Sandy payouts
are $12-15B
• Subsidized rates do not
adequately reflect actual
flood risk
July 2012: Biggert-Waters
Flood Insurance Reform Act
• Prohibit premium subsidies
on new or lapsed policies
• Phase out subsidies for all
policies
• Require banks to enforce
purchase requirements more
vigorously
• Analyze affordability impacts
by April 2013
National Flood Insurance Program Reform
The NFIP has undergone significant regulatory change over the last two years.
March 2014: Homeowner Flood
Insurance Affordability Act
• Repeals trigger for new or
lapsed policies
• Caps rate increases at 18%
annually (some exceptions)
• Enables newly mapped
properties to purchase
preferred risk rate for 1 year
• Authorizes additional funds for
affordability study
• Provides refunds for certain
policies affected by BW-12
17. CONFIDENTIAL
17
$493
$581
$685Newly
Mapped
Current
Rate
National Flood Insurance Program Reform
NFIP Grandfathering for newly mapped
• When new maps become effective, current
subsidized rates will increase 18% per year upon
renewal (does not include new fees)
• Increases continue until premiums reach
projected Full Risk Rating X-zone rate
Projected Rate Cap
$452
$2,640
12 years
X Zone/A Zone
With basement
$808
18. CONFIDENTIAL
18
$493
$581
$685Current
Rate
Projected Rate Cap
$452
$2,640
12 years
$493
$581
$685
Newly
Mapped
Rate
$452
$7,800
17 years
PRP purchased before maps adopted –
grandfathered as “X” zone
Policy Purchased after maps adopted,
Newly Mapped in A Zone
National Flood Insurance Program Reform
Due to grandfathering, for those outside the current SFHA, benefit to purchasing a flood
policy before new maps are officially adopted.
Newly
Mapped
* Policy for X Zone rated, with basement in AE zone
Projected Rate Cap
Rate cap will
depend on
structure
elevation
19. CONFIDENTIAL
19
National Flood Insurance Program Reform
Rates increase based on building height relative to expected flood height. Home
elevation will reduce risk and premiums.
Rising Tides, Rising Costs, CNYCN
20. CONFIDENTIAL
20
NFIP Surcharges and Fees
Effective April 1, 2015
Policyholders must provide
proof their property is a
primary residence to avoid
excessive surcharges
21. CONFIDENTIAL
21
Agenda
FEMA NFIP Overview
FEMA Flood Maps
FEMA Flood Insurance Reform
Key Communication Timeline and Messages
City Efforts and Next Steps
22. CONFIDENTIAL
22
Technical appeals
period is coming
Outreach Timeline Q4 2014 – 2017
Key Message
Dec 2014 July 2015April 2015Today 2017?
90-day statutory
appeals period
Final
mapping
FEMA flood maps are changing
You should buy flood insurance
You are legally
required to
buy flood
insurance
Flood risk is increasing
1. Community Coordination and Outreach (CCO) Meeting
City-led initiatives
Maps become official
FEMA-led initiatives
23. CONFIDENTIAL
23
Key Actions for Property Owners
Understand your risk and flood insurance purchase requirements
• Identify your property’s flood zone designation on FEMA’s Flood
Insurance Rate Maps
• Even if you live 2 miles away from the coast you could be at risk of
flooding
Buy Flood Insurance
• Call at least 3 agents listed on floodsmart.gov for quotes
• Homeowners insurance does not cover damage from floods and federal
assistance is not guaranteed in the event of a flood
For help, consult the following resources:
• Flood risk information and address lookup: FloodHelpNY.org
• Flood insurance agent lookup: floodsmart.gov
• FEMA Map questions: 1-877-FEMA MAP (1-877-336-2627)
• FEMA Flood Insurance agent referral: 1-888-435-6637
25. CONFIDENTIAL
25
Agenda
FEMA NFIP Overview
FEMA Flood Maps
FEMA Flood Insurance Reform
Key Actions for Property Owners
City Efforts and Next Steps
26. CONFIDENTIAL
26
Reduce risk
• City’s $19.5 Billion plan lays out 257 initiatives to strengthen coastal defenses, improve
buildings, protect infrastructure and make neighborhoods safer and more vibrant
Improve risk-based pricing
• Neighborhood: Army Corps and FEMA do not always agree on flood protection benefits
• Household: 40% of City’s buildings cannot be elevated; exploring alternative mitigation
strategies
• “Pre-FIRM” construction: Need updated rate-setting methodology for old building stock
(focus of the Negatively-Rated Building Study being conducted by the National Academy)
Launch affordability studies
• Launching two studies assess affordability impacts and potential solutions for multifamily
and 1-4 family homes
Inform the public
• Launching public education campaign regarding risks, mitigation and flood coverage
1
2
3
4
City Efforts and Next Steps
City is taking steps to reduce risk and increase understanding of its exposure.