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Increases in federal flood insurance premiums that are projected to surpass 700% over the coming years are already leading people to back out of home purchases and will likely lead to an exodus of ...
One Louisianian and potentially more will speak to a Congressional Committee about rising flood insurance costs. Congressional committee to hear testimony from Louisiana on effects of FEMA flood ...
Nationally, 2,279 communities don't participate in the voluntary program that provides insurance against flood damage, according to the Federal Emergency Management Agency, or FEMA, and most ...
The bill would amend the National Flood Insurance Act of 1968 to prohibit the Federal Emergency Management Agency from providing flood insurance to prospective insureds at rates less than those estimated for any property purchased after the expiration of such six-month period (currently, any property purchased after July 6, 2012). [9]
The Homeowner Flood Insurance Affordability Act of 2013 is a bill that would reduce some of the reforms made to the federal flood insurance program that were passed two years prior. [1] The bill would reduce federal flood insurance premium rates for some properties that are sold, were uninsured as of July 2012, or where coverage lapsed as a ...
The National Flood Insurance Program (NFIP) is a program created by the Congress of the United States in 1968 through the National Flood Insurance Act of 1968 (P.L. 90-448). The program enables property owners in participating communities to purchase insurance protection from the government
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