From the FEMA press release:
PHILADELPHIA – Residents of Stafford County, Virginia have received a reduction in their flood insurance premiums through increase of various floodplain management measures encouraged by the National Flood Insurance Program (NFIP).
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 Community Rating System change for Stafford County shows their commitment to protecting themselves from the dangers of flooding,” FEMA Region III Regional Administrator MaryAnn Tierney stated. “We would like to thank Stafford County for taking actions to protect lives and property which has reduced their risk to flooding, and as a result they have seen a drop in their insurance premiums to reflect those efforts.” 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 Insurance policy premiums within the municipality.
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