MACH Co-PI Carolyn Kousky leads research focused on flood insurance and was recently quoted in Grid magazine sharing her thoughts on Philadelphia joining the Federal Emergency Management Agency’s (FEMA) Community Rating System (CRS). The CRS program rewards communities with an insurance discount for implementing flood managment practices that go beyond National Flood Insurance Program (NFIP) requirements.
“‘I think it’s great Philly joined the CRS,’ Kousky says. ‘With intense rainfall increasing in the region as the planet warms, flooding is going to be a worsening problem, so any measures to help manage that growing risk would deliver real economic and social benefits.’ Plus, Kousky says, this could mark an important inflection point for Philadelphia, the fourth-largest U.S. city to join the CRS, to continue to advance through the program and secure bigger discounts.”
Read the full article, Philly’s entry into FEMA program grants homeowners 15% discount on flood insurance, in Grid Magazine.