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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, introduced H.R. 3167, the NationalAct of 2019, legislation to provide a long-term reauthorization to the National Flood Insurance Program and ensure homeowners, businesses, renters, and communities are given the certainty they deserve.
What Overregulation? How Regulation Will Increase Over the Next Decade What Overregulation? How Regulation Will Increase Over the Next Decade – In response to the financial crisis of 2008, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (“Dodd-Frank”), the most sweeping and comprehensive financial.
The House of Representatives on Tuesday voted 237-189 to pass the 21st Century Flood Reform Act (H.R. 2874) – a package of seven bills that reauthorizes the National Flood Insurance Program.
Flood Maps FEMA is publicly releasing information about Risk Rating 2.0, which is the new rating and forms system under development. The improved mapping system will take commercial catastrophe models into account in assessing risk, in addition to existing NFIP data.
Pursuant to a new Federal law, premiums for residential flood insurance in Florida may soon be as high as $24,000 a year. A new law, the Biggert-Waters Flood Insurance Reform Act, was enacted by Congress in 2012 as a knee jerk reaction to the recent large scale disasters such as hurricanes Katrina and Sandy.
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WASHINGTON — Some advocates pressing Congress to block large flood insurance premium. for now. But Rep. Cedric Richmond, D-New Orleans, promises a real push early next year to get the House to.
Flood Insurance. Flooding is a serious risk in Florida due to the state’s geography and proximity to water, both inland and on the coast. Insurance to cover this risk is not typically provided in a homeowner’s policy, so it must be purchased separately.
Florida Realtors Flood Insurance Issues and Toolkit. The National Flood Insurance Program (NFIP) expires soon, but it’s been "expiring soon" for the past year, kept alive by Congress through a number of short-term extensions. Currently, NFIP expires on July 31, 2018. Florida has more property owners with NFIP coverage than any other state – and almost every Realtor sells property located.
Today, Congressman Cedric Richmond (LA-02), along with Congresswoman Maxine Waters (CA-43) and Members of the Louisiana delegation, introduced The Flood Insurance Implementation Reform Act of 2013.This bipartisan legislation will improve the National Flood Insurance Program by ensuring that the implementation of new rates do not burden homeowners or slow the recovery of our housing market.
Additionally, Rep. Murphy teamed up with Rep. Dennis Ross (R-Fla.) to introduce bi-partisan legislation that would give states the ability to regulate and license flood insurance policies, reports national mortgage Professional Magazine.