<br />Colorado Flood Hazard Mitigation Plan - 11199 :=:-- -
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<br />ard occurrence
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<br />Hazard vUlnerabilrty is not new to thE> Colorado state
<br />and local emergency management or9anizations. The
<br />risk of living in close proximity to pot.mtial hazards is
<br />well understood, While such risk is generally accepted
<br />to be uncontrollable, vUlnerabilrty to a hazard or multi.
<br />hazards can be reduced according to the degree of
<br />preparedness practiced and enjoyed by a community.
<br />Hazard mitigation is a process in which aspects of thE>
<br />natural and technological hazards on the population
<br />are reduced or eliminated.
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<br />2.4.1 Loss Potential
<br />Loss potential in Colorado exists in 268 cities and
<br />towns, All 63 Colorado counties have floodplains, Over
<br />250,000 people now live in Colorado's floodplain,
<br />Flood loss potential is estimated that: 65,000 homes
<br />and 15,000 commercial, industrial and business struc..
<br />tures are in identified floodplains,
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<br />Total value of property, structure and contents at risk
<br />from the 100-yearflood is now$11 billion (in 1999 dol..
<br />lars), Cumulative flood losses from the turn of the cen.
<br />tury damaging floods exceed $4.4 b'lIion (1999 dol..
<br />lars),
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<br />In 1994, there were 9,893 flood insurance policies, In
<br />1997, there were 14,058 policies in force, In July
<br />1999, there were 15,203 flood insurance policies state.
<br />wide wrth an insured value of $1,784,51l7,400,
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<br />2.4.2 Colorado Floodplain Management
<br />Colorado is taking a proactive approach to floodplain
<br />management and loss reduction. Only a few communi-
<br />ties are not enrolled in the National Flood Insurance
<br />Program. Floods in Colorado are occurring on an an-
<br />nual basis, impacting many communities. Flood losses
<br />each year are mounting due to existing development in
<br />the floodplain, Several Colorado col1munities sub.
<br />scribing to Project Impact are making a difference and
<br />will see the results of their efforts during future flood
<br />events.
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<br /> CI Facts
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<br />Total Total Coverage Number of Claims Paid ,
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<br />Premium Policies Total Claims Since Since 1978 j
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<br />$ 7,142,251 15,203 $1,784,587,400 1,429 $4,927,098 ~
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<br />Source: FEMA Region 8 Flood Insurance Prograrn-'July 20, 1999 Figure 2.10 ~.j
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<br />t I ,II III
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<br />Chapter 2 -13
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<br />12/23/9910:00 PM
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