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 […]

Elevation News to Manage Flood Risk – Noteworthy Takeaways from Miami

Elevation plays a critical role in determining flood insurance rates. A couple of feet, a few documentation errors or significant omissions can make a considerable difference in the amount property owners pay for coverage or measures implemented to mitigate flood damage. The Miami Herald’s Naked Politics FL Blog provides noteworthy takeaways that underscore the importance […]