FEMA Releases New Flood Insurance Rates
The Federal Emergency Management Agency (FEMA) has sent new insurance premium rate sheets to insurers that reflect changes made by Congress to the National Flood Insurance Program (NFIP). The new premiums for subsidized policyholders generally show increases from 5 to 18 percent—significantly less than the increases that initially resulted from the 2012 Biggert Waters Law. […]
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