The Coalition For Sustainable Flood Insurance has released a white paper addressing affordability and participation in flood insurance. The Coalition is seeking to insure that in the upcoming re authorization policymakers adopt a stronger policy framework addressing premium affordability that recognizes the economic, cultural, defense and other national contributions made by communities exposed to flood risk. The Coalition further seeks policymakers collaboration with local and state governments to identify, model and take effective action to mitigate flood risks. It asserts that a comprehensive approach to reduce flood losses before a disaster occurs is a more effective means to avoid economic loss and protect taxpayers interests rather than expelling individual households and businesses from the NFIP through unsustainable and unaffordable flood insurance premiums. The Jefferson Business Council will be working closely with GNO, Inc., the Jefferson Chamber and the Coalition For Sustainable Flood Insurance during the 2017 session of Congress to insure that all property owners in our region will have access to affordable flood insurance and that the program is a sustainable one.
