Although most flood insurance policyholders faced recent increases, residents of Talbot County, on Maryland’s Eastern Shore bordering Chesapeake Bay, have received a reduction in their flood insurance premiums through the county’s 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 the Community Rating System (CRS), a voluntary, incentive program that recognizes and encourages community floodplain management activities that exceed minimum NFIP requirements. The program’s 10 class rating levels are 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 community’s geographic area.
County took steps to protect citizens
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Rosalie Donlon
Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at [email protected].
