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Association of State Flood Plain Managers

Association of State Flood Plain Managers Association of State Flood Plain Managers
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Heads up from FEMA on April 1, 2017 NFIP changes
Tuesday, October 11, 2016

Heads up from FEMA on April 1, 2017 NFIP changes

Roy Wright, Deputy Associate Administrator for Federal Insurance Federal Insurance and Mitigation Administration, sent Bulletin W-16071 late September that provides notice of the changes NFIP will implement effective April 1, 2017. Several changes result from continued implementation of the Homeowner Flood Insurance Affordability Act of 2014 and Biggert-Waters Flood Insurance Reform Act, which will require modifications to the NFIP Flood Insurance Manual, Transaction Record Reporting and Processing plan, and the Edit Specifications document. Highlights of program changes include:

· Updated premium rates conforming to the premium rate caps established by BW-12 and HFIAA;

· Updated premium multiplier tables for policies rated under the Newly Mapped procedure; and

· Clarifications for policy rating and loss adjustment for Pre-Flood Insurance Rate Map substantially improved properties.






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