🌊Key Flood Hazard Changes Affecting Business Compliance and Insurance
Changes in Flood Hazard Determinations
Summary
This notice lists communities where the addition or modification of Base Flood Elevations (BFEs), base flood depths, Special Flood Hazard Area (SFHA) boundaries or zone designations, or the regulatory floodway (hereinafter referred to as flood hazard determinations), as shown on the Flood Insurance Rate Maps (FIRMs), and where applicable, in the supporting Flood Insurance Study (FIS) reports, prepared by the Federal Emergency Management Agency (FEMA) for each community, is appropriate because of new scientific or technical data. The FIRM, and where applicable, portions of the FIS report, have been revised to reflect these flood hazard determinations through issuance of a Letter of Map Revision (LOMR), in accordance with Federal Regulations. The current effective community number is shown in the table below and must be used for all new policies and renewals.
Agencies
- Homeland Security Department
- Federal Emergency Management Agency
Business Impact
$$$ - High
The regulatory notice outlines changes in flood hazard determinations, which directly impact compliance and insurance requirements for businesses in the affected communities. Businesses must adapt to these revised flood risk assessments to maintain eligibility for the National Flood Insurance Program (NFIP) and ensure proper floodplain management measures are implemented.