Flood Mitigation Industry Association Issues Public Comment on FEMA Notice - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
January 31, 2022 Newswires
Share
Share
Post
Email

Flood Mitigation Industry Association Issues Public Comment on FEMA Notice

Targeted News Service

WASHINGTON, Jan. 29 -- Roderick Scott, board chair of the Flood Mitigation Industry Association, Mandeville, Louisiana, has issued a public comment on the Federal Emergency Management Agency notice entitled "Request for Information on the National Flood Insurance Program's Floodplain Management Standards for Land Management and Use, and an Assessment of the Program's Impact on Threatened and Endangered Species and Their Habitats". The comment was written on Jan. 1, 2022, and posted on Jan. 26, 2022:

* * *

1. 44 CFR 6.6 Flood Plain Variance - FEMA needs to expand the types of buildings/uses for a flood plain variance to include Aquariums and sea food industry buildings located adjacent to the water. When created the US did not have the almost 2 dozen large salt water aquariums built. The US had a flurry of these massive aquariums built in the 1980-1990's time line, in a time where sea level rise was not an issue like it is now.

These aquariums will need to be flood proofed to be flood resilient. The addition of salt and fresh water aquariums to the list of water dependent buildings under the CFR is essential. In addition, fishing industry buildings are extremely water dependent but not included in the list of buildings that can be granted a variance.

Fishing industry buildings adjacent to the water, on the docks must also be allowed to get a variance and wet/dry flood proofed in order to increase their flood resilience and not a NFIP compliance liability for the community.

2. NFIP 2.0 must offer substantial policy premium discounting for retro fit elevation and certified dry flood proofing. As currently proposed, the difference of policy premium rates has a minor rate reduction for bringing the building into compliance with minimum flood map elevation requirements. Under NFIP 1.0 substantial rate reductions were realized after the mitigation projects were completed, there by providing a return on investment for the property owners for the not inexpensive projects. There may be as many as 3-4 million pre-FIRM buildings in US flood zones that the banks estimate have a value of $1.5 trillion.

3. The method for determining the value of a building for cost benefits relating to various grant programs for flood hazard mitigation must be changed. The current system of using a pre-flood assessed value favors higher value properties and disadvantages lower value buildings, the ones owned by lower income families. The building value should be the cost to replace the building at current labor/materials format not depreciated value. This would increase the value of the lower end buildings. This would be in line with the FEMA/NFIP 2.0 building "replacement cost" value format.

4. The mandatory demolition of buildings on acquired properties for permanent green spacing is outdated and not environmentally responsible. Any acquired building that is in "re-useable" condition should be allowed to be acquired for $1.00 and relocated for in fill housing outside of the 1% FEMA flood zone and on a NFIP compliant foundation with 2 ft freeboard. The US currently has a 5 million housing unit deficit. Every thousand square feet of wood frame building has an estimated 200 trees utilized in the materials for construction. In addition construction debris already takes up over 65% of our landfills and masonry/concrete materials do not bio degrade, leaving multiple future generations to inherit these materials in the landfills. The importance of this new direction will become more and more important as the nation works through the issues and begins to implement the relocation of millions of people and hopefully several million buildings as the sea level continues to rise.

5. Non-structural flood hazard mitigation funding programs must be streamlined. All mitigation programs of acquisition, elevation, wet and dry floodproofing projects take several years from the actual application deadline to notification take years, often after buildings are rebuilt the same as they were, vulnerable to flooding. All mitigation project funding types should be streamlined.

Roderick Scott, CFM

Board Chair

Flood Mitigation Industry Association

* * *

The notice can be viewed at https://www.regulations.gov/document/FEMA-2021-0024-0001

TARGETED NEWS SERVICE (founded 2004) features non-partisan 'edited journalism' news briefs and information for news organizations, public policy groups and individuals; as well as 'gathered' public policy information, including news releases, reports, speeches. For more information contact MYRON STRUCK, editor, [email protected], Springfield, Virginia; 703/304-1897; https://targetednews.com

Older

First Colony Levee Improvement District Issues Public Comment on FEMA Notice

Newer

Manufactured Housing Institute Issues Public Comment on FEMA Notice

Advisor News

  • Demonstrating the value of life insurance to Gen Z
  • Poor money habits are a dealbreaker in a new relationship
  • DC plan sponsors see opportunity in alternatives
  • The American Dream: Redefined as financial stability
  • Partial annuitization: How advisors can help clients balance income, growth
More Advisor News

Annuity News

  • CA judge certifies class action in teachers’ lawsuit over in-plan annuity fees
  • Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
  • AM Best Managing Director Joins ‘Target Topics’ Podcast to Discuss State of Delegated Underwriting Authority Enterprises Market
  • KBRA Assigns Rating to TruSpire Retirement Insurance Company
  • Partial annuitization: How advisors can help clients balance income, growth
More Annuity News

Health/Employee Benefits News

  • Arkansas Explained: What's happening to the state's Medicaid expansion?
  • CT Congressman Wants Legal Support For Patients Denied Health Coverage
  • Coalition targets health insurance costs, calls for relief
  • Map: Where Obamacare Enrollment Is Falling
  • Data on CDC and FDA Detailed by Researchers at University of New Hampshire (Long Covid Among Adults With Pre-existing Disabilities: Evidence From the 2022 National Health Interview Survey): CDC and FDA
More Health/Employee Benefits News

Life Insurance News

  • Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
  • AM Best Upgrades Credit Ratings of Sagicor Financial Company Ltd. and Most of Its Subsidiaries
  • Trust, technology and the future of claims
  • New York Life Launches an Indemnity Benefit for its Asset Flex Long-Term Care Insurance Solution
  • AM Best Affirms Credit Ratings of DB Insurance Co., Ltd.
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • RFP #T01625
  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet