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When Property Is Substantially Damaged
Millions of people across the United States live in floodplains. Floods are the most common natural disaster. In 2006, floods accounted for more than $617.6 million in NFIP-insured losses and millions more in uninsured damage. Unfortunately, some of this flood damage occurs to buildings previously repaired only to be flooded again. NFIP policies include Increased Cost of Compliance (ICC) coverage designed to mitigate a portion of substantially damaged properties. (Full Article)
Map Exceptions in Coastal Areas
Congress passed the Coastal Barrier Resources Act of 1982 (CBRA) to discourage development in high-risk areas as a means of minimizing loss of human life, reducing wasteful expenditures of Federal resources, and preserving the ecological integrity of areas designated as a Coastal Barrier Resources System. However, a few exceptions allow NFIP coverage in CBRA Zones.
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Les Bellah, former mayor of Kirkland, Illinois, points to the Kishwaukee River, which jumped its banks and flooded his community in 1996. (Photo from FEMA)
The Power of Collaboration
Within months of the July 1996 storm which flooded the community of Kirkland, Illinois, officials and residents of the town collaborated with FEMA and the State of Illinois on a hazard mitigation acquisition project aimed at buying out homes destroyed by the floodwaters.
(Full Article)
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