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FEMA Flood Insurance Changes, First of Many Shifts in South Florida

FEMA Flood Insurance Changes, First of Many Shifts in South Florida
nbcmiami.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcmiami.com Daily Mail and Mail on Sunday newspapers.

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Changes in Flood Hazard Determinations - InsuranceNewsNet

Changes in Flood Hazard Determinations - InsuranceNewsNet
insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.

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Wading into local flood zone designations

Wading into local flood zone designations
argusobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from argusobserver.com Daily Mail and Mail on Sunday newspapers.

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Federal agencies propose revisions to interagency Q&As regarding flood insurance (UPDATED) | Ballard Spahr LLP

Recently,
federal agencies proposed revisions to the Interagency Questions and Answers Regarding Flood Insurance. The agencies are the Comptroller of the Currency, Farm Credit Administration, FDIC, Federal Reserve Board, and National Credit Union Administration (Agencies). The proposed Q&As will supplement
private flood insurance rules that went into effect on July 1, 2019, the new proposal includes 24 proposed Q&As on private flood insurance. Comments on the new proposed Q&As are due by May 17, 2021.
The Agencies divide the new proposed Q&As on private flood insurance into three main categories: (1) mandatory acceptance (nine proposed Q&As), (2) discretionary acceptance (four proposed Q&As), and (3) general compliance (11 proposed Q&As). The proposed Q&As use the term “Act” to refer to the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, as revised by specified federal flood insurance legislation, and use the term “Re ....

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Infrastructure, Risk, and Partisanship – Proposed Reform to the National Flood Insurance Program

Infrastructure, Risk, and Partisanship – Proposed Reform to the National Flood Insurance Program
Thomas Wade
Executive Summary
The National Flood Insurance Program (NFIP) is the only broadly purchased flood insurance in the United States, but the program is expensive, cumbersome, and outdated, and owes $20.5 billion to Treasury.
In April 2021 the Federal Emergency Management Agency announced that it would be updating the NFIP’s risk assessment procedures to bring premiums in line with actual risks posed on an individual home
House Financial Services Committee Democrats simultaneously recirculated an updated version of the 2019 proposed legislation that had bipartisan support, only this time Democrats included rate hike caps and $20 billion in forgiveness of the NFIP’s debt without consultation with Republican counterparts. ....

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