Meeting Summary
The city council held a study session to discuss the Federal Emergency Management Agency (FEMA) Community Rating System (CRS) and Flood Insurance. A presentation by Public Works highlighted Norman's status as a Class 6 community, which provides a 20% discount on flood insurance premiums. The discussion also revealed a significant decrease in National Flood Insurance Program (NFIP) policies in Norman between 2020 and 2025, prompting council to consider ways to improve the city's CRS rating and increase citizen awareness.
Financial Matters
NFIP Policies (2020)
Total premiums for 489 NFIP policies in Norman.
NFIP Policies (2020)
Total insurance in force for 489 NFIP policies in Norman.
NFIP Policies (2025)
Total number of NFIP policies decreased to 251, with an average coverage of $316,000. Premiums dropped significantly, approximately by half of the insurance in force.
Coming Up
Deadlines
- CRS cycle verification visit additional information due mid-August 2025
Watch For
- Reassessment of flood insurance coverage prior to the next CRS cycle visit
- Exploration of options to improve Norman's CRS class rating from six to five, potentially including funding a flood warning system
Agenda Summary
Discussion regarding the Federal Emergency Management Agency, FEMA, Community Rating System and Flood Insurance
A presentation by Public Works on Norman's participation in the CRS program, its Class 6 rating, the benefits of reduced flood insurance premiums, and a significant decline in NFIP policies from 2020 to 2025. The presentation also covered flood plain management, the NFIP, and activities that contribute to the CRS rating.