Legislature needs educating about flood risk
A state senator proposing legislation to mitigate flood risk said Friday that lawmakers in Tallahassee don’t fully appreciate the extent of that risk.
Brandes discussed flood insurance during the Florida Chamber of Commerce’s 2017 Insurance Summit in Miami.
He has introduced SB 584, to create a statewide flood mitigation and assistance program, providing up to $50 million per year in matching grant money.
The money would help reduce the risk and severity of coastal flooding by using Amendment 1 resources for land acquisition and preservation, and extending the expiration of deregulated rates in flood insurance to 2025 from 2017, giving the flood insurance market more time to grow.
National Flood Insurance Program costs less in communities that have mitigated their flood risk, Brandes said during a short interview.