Wright Flood News: Bipartisan Support for Long-Term NFIP Reauthorization
In late June, federal legislators from the U.S. House of Representatives Financial Services Committee approved H.R. 3167, the National Flood Insurance Program Reauthorization Act of 2019, which could provide more resources for flood mapping and mitigation activities to help ease the financial burden on the debt-ridden National Flood Insurance Program.
If passed by the Senate and enacted into law, the bill would provide $500 million per year over five years for flood mapping, require the Federal Emergency Management Agency to utilize updated mapping technology, such as LiDAR, and ensure that maps are adequate for identifying future flood risk.
“I think they did a very good job of addressing some concerns…” said Patty Templeton-Jones, president of Wright Flood, “Mitigation and mapping — these are all very important things.”
Hear more from Wright Flood President Patty Templeton-Jones and other industry leaders in this article by Business Insurance.