On April 1st, the Federal Emergency Management Agency (“FEMA”) released the first official communication on the redesign of the National Flood Insurance Program (“NFIP”)’s rating system.
The new pricing methodology, known as Risk Rating 2.0, utilizes the latest technology available to assess the flood risk of a property. Phase 1 of the new program begins on October 1, 2021.
In its announcement, FEMA shared a state-by-state breakdown of Risk Rating 2.0’s impact on flood insurance premiums. According to FEMA, Texas will see the following impact:
- 14% of Texas residents with an existing flood insurance policy will see an immediate decrease in their flood insurance premium;
- 79% of Texas residents with an existing flood insurance policy will see an immediate increase in their flood insurance premium that could range from $0 to $10 per month;
- 3% of Texas residents with an existing flood insurance policy will see an immediate increase in their flood insurance premium of $10 to $20 per month; and
- 4% of Texas residents with an existing flood insurance policy will see an immediate increase in their flood insurance premium greater than $20 per month.
We do not yet know how Risk Rating 2.0 will impact flood insurance prices in Fort Bend County MUD No. 46. However, if you already have flood insurance, you are grandfathered into how fast your flood insurance premium can increase. It is federally mandated that a flood insurance premium cannot increase by more than 18% per year. Therefore, we encourage you to get flood insurance. You can do so by contacting your home insurance provider. Since a flood insurance policy takes 30 days to go into effect, you must purchase your policy by September 1, 2021, for your policy to become effective prior to the effective date of Risk Rating 2.0 (October 1, 2021).
Additional information regarding risk rating 2.0 can be found at the following link: Risk Rating 2.0: Equity in Action | FEMA.gov
The storm water pump station final plat is receiving final City signatures and associated municipal permits with the project have all been obtained by the District.
The City of Missouri City has approved the final construction drawings and the District should receive the signed plans the week of March 29th.
Pending resolution of any last-minute design improvements along with project advertisement, bidding, and contractor award schedule; it is anticipated construction on the facility will commence early Summer 2021.
Dear Fort Bend County Neighbors,
Fort Bend County encourages all of our eligible constituents to pre-register for the COVID-19 vaccine. Although distribution has not begun, over 1,300 residents have already pre-registered at www.fbchealth.org. Please share this information with your friends, family, and communities! We hope to fight this pandemic and provide continuous support to our county as we start off the New Year.
Fort Bend County has experienced destructive high water events in the recent years. We must be prepared not only during Hurricane Season but all year round.
With this in mind, Fort Bend County Commissioner Ken R. DeMerchant would like to share some important Emergency Preparedness tips with our residents.