BROOKLYN, N.Y.--Few New York insurance agents are aware that community disaster risk mitigation programs can cut premium costs for federal flood insurance, judging by a meeting here yesterday with a Federal Emergency Management Agency official.
Their lack of knowledge was revealed during a briefing by Stephen Kempf Jr., regional administrator FEMA Region II, at the Professional Insurance Agents of New York State Inc. annual Metropolitan Regional Awareness Program.
Mr. Kempf discussed the Community Rating System (CRS) program for the mitigation of disaster risk, primarily in his region. He said by following the program a community can reduce its premiums under the National Flood Insurance Program between 5 percent and 40 percent.
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