Stratford News: Flood Insurance Premium DECREASED
STRATFORD – Residents of Stratford, Connecticut have received a reduction in their flood insurance premiums through the increase of various floodplain management measures encouraged by the National Flood Insurance Program (NFIP). Molly Kaput of FEMA presented recognition to the Town for their efforts at the Town Council meeting Monday night. The Federal Emergency Management Agency (FEMA) oversees the NFIP, which administers a program called the Community Rating System (CRS). The CRS is a voluntary incentive program that recognizes and encourages community floodplain management activities that exceed minimum NFIP requirements. The program includes 10 different class rating levels based on the number and type of activities voluntarily initiated by the participating community. Each level corresponds to a percentage discount on National Flood…