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Norm's Desk

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Biggert-Waters

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Posted by Tracy Dacus on March 6, 2014 - 11:23am
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Two years ago the Biggert-Waters Flood Insurance Reform Act was passed by Congress, which would allow premiums to rise to reflect the true risk of living in flood-prone areas.   The idea was to keep the national flood insurance program solvent.   

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Posted by Andy Adams on November 4, 2013 - 2:12pm
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Some flood policyholders have been receiving incredible premium increases in their flood as a result of the Biggers-Waters Act.  The increases have been concentrated in flood prone areas, but the rate increases have caught property owners by suprise.  Congress has reached a deal that could delay those increases by as much as four years.

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