The Biggert-Waters Flood Insurance Reform Act of 2012 is a law passed by Congress and signed by the President in 2012 that extends the National Flood Insurance Program (NFIP) for five years. The Act also requires significant program reforms. This toolkit is meant to help answer your questions.
FEMA Flood Insurance - Videos on Demand
Watch the full video or separate it into three parts.
Part 1 (8:43): Introduction to the NFIP – the Program's history and how it operates. It covers previous reforms enacted by Congress and how modifications have changed the NFIP.
Part 2 (6:53): Comments from David Miller, Associate Administrator for Federal Insurance and Mitigation, open a review of Biggert-Waters. The basic goals of the legislation are discussed, including the Congressional goal of making the NFIP financially sound.
Part 3 (4:06): Future changes to the NFIP as indicated in Biggert-Waters are addressed, including areas of the Act of interest to Agents, Lenders and Policyholders.
NAR on Flood Insurance
National Flood Insurance Community Rating System
The NFIP Community Rating System (CRS) is a voluntary incentive program that recognizes and encourages community floodplain management activities that exceed the minimum NFIP requirements. As a result, flood insurance premium rates are discounted to reflect the reduced flood risk resulting from the community actions meeting the three goals of CRS which are to:
Pre-FIRM Subsidy Removal (Starting in 2013)
Building and Rebuilding Information for Home and Business Owners
Information for State and Local Officials
Thursday, August 22, 2013
Let's Talk... Important Flood Insurance Information!
Subscribe to: Posts (Atom)