N.M. city residents might get flood insurance discounts, mayor says

09/17/2013 | American City Business Journals

Albuquerque, N.M., has enhanced its flood-mitigation and flood-preparation initiatives, prompting the Federal Emergency Management Agency to give the city a rating that could lead to 10% discounts on flood insurance policies, Mayor Richard Berry says. "Since 2010, the city has installed 14,000 linear feet of storm drain, removing 130 acres" from the floodplain, according to Berry's office. "This means hundreds of property owners don't need to carry flood insurance anymore, which can be costly."

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