Recently the Federal Emergency Management Agency (FEMA) published a summary of the changes to the National Flood Insurance Program that will be effective on June 1, 2014. The changes result from the Biggert-Waters Flood Insurance Reform Act of 2012.
The summary provides an excellent overview of some of the fun that is ahead of us.
A copy of the notice is available here.
Notice to Compliance Masters Group Members – The upcoming changes to the Flood Insurance Program and the interagency revised flood insurance rules, which will be complete this Spring, will be the subject of several upcoming CMG meetings.