Flood Risk News & Notes: Rates, Maps, Regulatory and Elevation Matters

From the headlines to your bottom line, this edition of Flood Risk News & Notes includes another extension of the National Flood Insurance Program (NFIP); an increase in flood insurance premium rates; flood map changes in more than 70 communities around the country; and a reminder about elevation certificates. Below you will find a summary […]

Why Reevaluating Your Flood Risk Now is a Bright Idea

If you own, manage, or represent, residential or commercial property in a SFHA (Special Flood Hazard Area, which is a FEMA-designated high-risk flood zone) and subject to mandatory flood insurance, now is an appropriate time to reevaluate your flood risk. In the article, Flood Insurance on the Cusp of Tremendous Change, John Dickson, writing for […]

Commercial Property Owners Face More NFIP Changes – Leaving a High-risk Flood Zone Designation to Chance Will Cost You

In its recently released Bulletin W15016, the Federal Emergency Management Agency (FEMA) detailed additional changes to the National Flood Insurance Program (NFIP), effective November 1, 2015. Key program changes include the following: Implementation of a procedure to identify business properties in order to implement the 25-percent annual premium increases on Pre-FIRM subsidized business properties; Reformatting […]