Florida representatives are turning their attention to flood insurance with a new bill and a proposition to extend a 2014 law. Rep. Patrick Murphy (D-Fla.) and Rep. Carlos Curbelo (R-Fla.) are calling for an extension of the Homeowner Flood Insurance Affordability Act, signed by President Barack Obama on March 21, 2014, which limited yearly.
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Feds Propose New Flood Insurance and Floodplain Management Rules. Because the proposal aims to clear up confusion regarding when a lender may accept private flood insurance under federal law, it would impact individual and business access to private flood insurance if finalized.. (R-Florida) and Patrick Murphy (D-Florida), passed the U.S.
In an effort to make the program more sustainable, the House of Representatives passed a bill in November introducing several reforms. Still lacking Senate approval, the program is set to expire on February 8, 2018, unless Congress passes the new legislation. Among other reforms, the bill aims to:
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The U.S. Senate passed a bill, 72-22, Thursday evening that should help curb massive flood insurance rate hikes on Pinellas County property owners. sen. bill Nelson said the legislation caps flood.
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Today, Congressman Cedric Richmond (LA-02), along with Congresswoman Maxine Waters (CA-43) and Members of the Louisiana delegation, introduced The flood insurance implementation reform Act of 2013.This bipartisan legislation will improve the National Flood Insurance Program by ensuring that the implementation of new rates do not burden homeowners or slow the recovery of our housing market.
Flood Maps FEMA is publicly releasing information about Risk Rating 2.0, which is the new rating and forms system under development. The improved mapping system will take commercial catastrophe models into account in assessing risk, in addition to existing NFIP data.
Bipartisan Group Set to Introduce New, Concerning NFIP Legislation by Wyatt Stewart This week, several members of Congress from both the U.S. House of Representatives and the U.S. Senate announced they were introducing legislation to reauthorize the NFIP for five years while also making a number of troubling changes to the program.
National Flood Insurance Program: Laws & Regulations. This page includes references to the various laws and regulations that govern the National Flood Insurance Program (NFIP). Biggert-Waters Flood Insurance Act of 2012 (Text Begins on Page 512)
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