Why Commercial Property Owners Cannot Pin Their Hopes on Flood Insurance Parity

In 2014, U.S. Representative David Jolly (R-FL) introduced the Flood Insurance Premium Parity Act of 2014. The legislation, known as H.R. 4313, resulted largely from the omission of commercial property and secondary homes from the Homeowners Flood Insurance Affordability Act, which provided relief from the sweeping reforms of the Biggert-Waters Flood Insurance Reform Act of […]