NFIP: Upcoming Changes for Flood Insurance

As of tomorrow, April 1, 2016, many changes will affect the National Flood Insurance Program (NFIP), impacting businesses, homeowners, and insurance agents & brokers. Congress recently passed both Biggert-Waters and the Homeowners Flood Insurance Affordability Act of 2014 (HFIAA) in an effort to strengthen the NFIP. The new HFIAA-imposed changes will take effect on April 1 for any individual with [...]