Tag Archives: Homeowner Flood Insurance Affordability Act of 2014

4 Things Flood Insurance Policyholders Should Know About NFIP Changes

4 Things Flood Insurance Policyholders Should Know About NFIP Changes

The Federal Emergency Management Agency (FEMA) is taking strides to strengthen the National Flood Insurance Program (NFIP) through recent legislation, such as the Biggert-Waters Flood Insurance Reform Act of 2012 and the Homeowner Flood Insurance Affordability Act of 2014 (HFIAA). These changes are working to make the NFIP actuarially sound by better aligning flood premiums to their level of […]

Read More Comments Off on 4 Things Flood Insurance Policyholders Should Know About NFIP Changes

Flood Insurance Policyholders Feel the Impact of HFIAA

Flood Insurance Policyholders Feel the Impact of HFIAA

Across the country, flood insurance policyholders (and their wallets) are feeling the impact of the changes mandated by the Homeowner Flood Insurance Affordability Act of 2014 (HFIAA). The law, passed by President Obama in March of 2014, went into effect April 1, 2015 as a way to slow some flood rate increases, as well as […]

Read More Comments Off on Flood Insurance Policyholders Feel the Impact of HFIAA

Proposed Bill would Decrease Flood Insurance Costs

By Megan Cooney, Marketing Assistant Important Updates to Flood Insurance: March 17, 2014: The U.S. Senate passed the “Homeowners Flood Insurance Affordability Act.” *** The U.S. House of Representatives recently passed a bill that would help lower the cost of flood insurance. On Tuesday, March 4, 2014, the “Homeowner Flood Insurance Affordability Act” was passed […]

Read More Comments Off on Proposed Bill would Decrease Flood Insurance Costs