Association of State Flood Plain Managers Association of State Flood Plain Managers
Upcoming Events
Association of State Flood Plain Managers

What's New
Association of State Flood Plain Managers

Association of State Flood Plain Managers Association of State Flood Plain Managers
Association of State Flood Plain Managers

Share

What's New

<< Back to News List            "Reducing Coastal Risk on the East and Gulf Coasts"... >>

In July, FEMA Released a Two-page Fact Sheet called, "Flood Insurance for Business: Impacts of Recent Legislation"
Tuesday, August 5, 2014

The NFIP is in the process of implementing reforms required by the Homeowner Flood Insurance Affordability Act of 2014 and the Biggert-Waters Flood Insurance Reform Act of 2012 (Biggert-Waters). The 2014 law repeals or modifies some provisions of Biggert-Waters. However, it maintains the requirement that flood insurance rates for business properties in high-risk areas reflect true risk. This means that the subsidized rates that previously applied to some older business buildings will continue to be phased out.

This fact sheet provides an overview of the changes business owners should expect, including a one-time refund for some policyholders.

Read the full fact sheet here.




Association of State Flood Plain Managers
575 D'Onofrio Drive, Suite 200  |  Madison, WI 53719  |  Phone: 608-828-3000  |  Fax: 608-828-6319  |  Email Us

Terms and Conditions  |  Site Map  |  Contact Us
Association of State Floodplain Managers ®  Copyright © . All Rights Reserved.