Federal/National News

For an update of the latest disaster declarations: CLICK HERE

For information on Flood Insurance Reform – Rates and Refunds: CLICK HERE

Advisor Update

FEMA Updates for FMA Board:

• A campaign to improve building codes and enforcement of hazard-resistant building standards is comprised of 14 objectives focused on leveraging partnerships, amplifying climate science messaging, and targeting code adoption outreach to the most vulnerable communities.

• FEMA announced partial implementation of the

Federal Flood Risk Management Standard, or

FFRMS, for the Public Assistance program on

June 3, 2022. FFRMS increases resilience to flooding by requiring a higher set of elevations for a federal action in the floodplain. On May 24, 2021, Executive Order 14030 on climate-related financial risk reinstated FFRMS.

• FEMA published its first equity plan to meet the needs of underserved communities and address disparities in program outcomes. • Legislative proposals for the National Flood Insurance

Program (NFIP) released in May include 17 changes to the program to improve resilience and fiscal soundness. FEMA’s proposal, which must make their way through Congress before becoming law, includes nationwide flood disclosure, prohibition on

NFIP insurance for new buildings in the SFHA, and non-renewal for a property with four claims of at least $10,000 each. This will be discussed more during the annual conference in September. • The National Flood Insurance Program is authorized through September 30, 2022. All policies and flood insurance renewals are transitioning to updated

Risk Rating 2.0 rates. • The 2022 annual maintenance cycle announcement provides a summary of all the planned changes to Risk

MAP guidance and standards this year. Comments are welcome July 7 to August 5. FEMA plans to publish revised standards around November 2022.