National Flood Insurance Program-Some Possibilities for the Future
Just before the end of 2022, the NFIP received its’ 25th short term reauthorization (hip hip hooray!) and our next reauthorization deadline is September 30th, 2023. The NFIP continues its’ transformation in many areas, including transition from a class/zone-based system to individual structure risk assessment and premium determination. We will overview the status of Risk Rating 2.0 implementation and discuss proposals for the future of the NFIP.
Author Bio
William (Bill) Bradfield is a Flood Insurance Outreach Specialist with the Federal Emergency Management Agency (FEMA) Region III Office in Philadelphia. In this role, Bill promotes the importance of flood insurance in building resiliency and serves as a liaison between consumers, local/state/tribal governments, industry professionals and FEMA by providing technical assistance regarding flood insurance and its implications with floodplain regulations and mitigation. Prior to joining FEMA, Bill worked as the State NFIP Coordinator at the Pennsylvania Emergency Management Agency (PEMA). He started his career in environmental consulting and spent over a decade in the civil engineering field working on numerous geotechnical and water resource (dam and levee) projects. Bill holds a B.S. in Geology from Bucknell University and is a Certified Floodplain Manager (CFM).
