PLACEMENT: Consent
TITLE:
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ADOPT THE MARTIN COUNTY REPETITIVE LOSS AREA ANALYSIS AS REQUIRED FOR CREDIT UNDER THE NATIONAL FLOOD INSURANCE PROGRAM (NFIP) COMMUNITY RATING SYSTEM (CRS)
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EXECUTIVE SUMMARY:
executive summary
This is a request for the Board of County Commissioners (the Board) to adopt, by resolution, the Martin County Repetitive Loss Area Analysis as required for credit under the National Flood Insurance Program’s (NFIP) Community Rating System (CRS).
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DEPARTMENT: Public Works
PREPARED BY: Name: Lisa A Wichser, P.E., CFM
Title: Chief Project Engineer
REQUESTED BY: Louann Patellaro, ISO/CRS Specialist (Contractor Support to the NFIP Community Rating System Program)
PRESET:
PROCEDURES: None
BACKGROUND/RELATED STRATEGIC GOAL:
The National Flood Insurance Program (NFIP) provides federally backed flood insurance within communities that enact and enforce floodplain regulations. Since its inception in 1968, the NFIP has been very successful in helping flood victims get back on their feet. As of Jan. 31, 2025, there were 4.7 million residential and commercial policies in force, with $1.29 trillion in written coverage with annual premiums of about $5.3 billion. From 1978 through January 2025, more than 1.96 million losses were paid, totaling over $86.2 billion.
To be covered by a federally-backed flood insurance policy (for the structure and/or its contents), a property must be in a community that participates in the NFIP. To qualify for the NFIP, a community adopts and enforces a floodplain management ordinance to regulate development in flood hazard areas. The objective of the ordinance is to minimize the potential for flood damage to future development. Today, over 22,200 communities in 56 states and territories participate in the NFIP.
The NFIP has been effective in requiring new buildings to be protected from damage by a 1% chance flood, also known as the 100-year or base flood. However, flood damage still resu...
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