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Association of State Flood Plain Managers Association of State Flood Plain Managers
Association of State Flood Plain Managers

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National Flood Insurance Program (NFIP)

Congress created the National Flood Insurance Program in 1968 to help provide a means for property owners to financially protect themselves. The NFIP offers flood insurance to homeowners, renters and business owners if their community participates in the NFIP. Participating communities agree to adopt and enforce ordinances that meet or exceed FEMA requirements to reduce the risk of flooding.

In addition to the resources below, more information is available on the ASFPM Flood Insurance Committee and ASFPM Position on NFIP Reform and Reauthorization webpages.

Homeowners Flood Insurance Affordability Act (HFIAA) of 2014 and Biggert-Waters 2012 Implementation

Analysis

Adobe PDFASFPM Analysis of the Homeowners Flood Insurance Affordability Act (4/2014)
Adobe PDFFEMA Homeowner Flood Insurance Affordability Act Overview (4/2014)

Training and Outreach Materials

Adobe PDFFEMA Fact Sheet: Office of Flood Insurance Advocate (7/2015)
Adobe PDFFEMA Fact Sheet: The HFIAA Surcharge
(4/2015)
Adobe PDFFEMA Fact Sheet: How April 2015 Program Changes will Affect Flood Insurance Premiums (4/2015)
Adobe PDFFEMA Fact Sheet: Flood Insurance for Business
(8/2014)
Adobe PDFFEMA Fact Sheet: Premium Refunds – Who Gets Them? (7/2014)
Adobe PDFFEMA Fact Sheet: HFIAA Impacts on Flood Insurance Rates (6/2014)
Adobe PDFFEMA Congressional PPT (5/2014)
FEMA Spreadsheet on Flood Policies Possibly Affected by BW-12 Section 205 by State / County / Community (4/2014)
Adobe PDFBW-12 Sec. 205 Insurance Impact Chart A useful tool to help people understand the rate class for properties affected by phasing out the Pre-FIRM subsidy (3/2014)
Adobe PDFAgent Quick Reference Guide (9/2013)
pptBW-12: Oct 1 2013 Changes (FEMA, Audio Enabled PPT, 9/2013)
Adobe PDFBW-12: Impacts of Section 205 and 207 (ASFPM Committee Chairs Retreat, 8/2013)
pptBW-12: Understanding Impacts of BW-12 (FEMA, Audio Enabled PPT, 7/2013)
NFIP Guide to October 2013 Changes (11/2013)
H2O Partners video on NFIP changes in BW12 (5/2013)
Adobe PDFPowerPoint: FEMA on Sec 205 Impacts (3/2013)
Adobe PDFFact Sheet: Section 205 and 207 Subsidy Phaseout (3/2013)
Interactive Map of Subsidized Policies

FEMA / NFIP Guidance

Adobe PDFFinal Rule for Escrowing Flood Insurance; Detached Structure Exemption from Mandatory Purchase (7/2015)
Adobe PDF
FEMA WYO Bulletin – Policy Refunds due to HFIAA Changes (6/2014)
Adobe PDFFEMA WYO Bulletin – Hurricane Sandy Recovery Advisory 7 – Reducing Flood Risk and Flood Insurance Premiums for Existing Residential Buildings (6/2014)
Adobe PDFFEMA WYO Bulletin – HFIAA Sections 3 and 5 and October Rate Table (5/2014)
Adobe PDFFEMA WYO Bulletin – Delay in Large Font Policies (5/2014)
Adobe PDFFEMA WYO Bulletin – HFIAA Section 3 Implementation: Restoring Certain Properties to Pre-FIRM rates (4/2014)
Adobe PDFFEMA WYO Bulletin – Public Release of Specific Ratings Guidelines (9/2013)
Adobe PDFNFIP Specific Rating Guidelines Document (11/23/2013)
Adobe PDFNFIP Specific Rating Guidelines – Guidance and Examples (9/2013)
Adobe PDFFEMA WYO Bulletin - Sample Renewal Letters for Pre-FIRM RL, SRL and Non Residential Policies (8/2013)
Adobe PDFFEMA WYO Bulletin – Sample Renewal Letters for Pre-FIRM Lapsed, New or Assigned Policies (8/2013)
Adobe PDFFEMA WYO Bulletin – October 2013 Program Changes Impact on NFIP Grandfather Procedures (8/2013)
Adobe PDFFEMA WYO Bulletin: Clarifications and Revisions to the October 1, 2013, Program Changes Cover Memo and Q&A (5/2013)
Adobe PDFFEMA WYO Bulletin - Policy Waiting Period Lender Exception (3/2013)
Adobe PDFFEMA WYO Bulletin - Oct 2013 Changes Notification (3/2013)
Adobe PDFFEMA WYO Bulletin - Implementation of Sec 205 (12/2012)
Adobe PDFFEMA WYO Bulletin - Phase Out Subsidized Premium Non-principal Non-primary Residences (11/2012)
Adobe PDFFEMA WYO Bulletin - Policy Waiting Period Wildfire Exception (9/2012)
Adobe PDFFEMA Advisory Bulletin - PRP Extension (8/2012)
Adobe PDFFEMA WYO Bulletin - PRP Extension (8/2012)
Adobe PDFAttachment - PRP Extension (8/2012)
Adobe PDFFEMA WYO Bulletin - Implementation HR5740 Sec 2 (6/2012)

Studies and Reports


Adobe PDFCurrent State of the Market for Natural Catastrophe Insurance in the US – Dept. of Treasury Report (9/2015)
A Community Based Flood Insurance Option – National Academies of Science (2015)
Adobe PDFReport to Congress on Reinsuring NFIP Risk and Options for Privatizing the NFIP – FEMA Report (8/2015)
Adobe PDFOverview of GAO's Past Work on the National Flood Insurance Program – GAO Report (5/2014)

Adobe PDFStrategies to Increase Private Sector Involvement – GAO Report (1/2014) One page Summary
Adobe PDFFlood Protection Structure Accreditation Task Force Report - FEMA and USACE (11/2013)
Adobe PDFIncluding Building Codes in the NFIP - FEMA report (11/2013)
Adobe PDFImplications of Changing Coverage Limits and Expanding Coverage - GAO report (7/2013)
Adobe PDFSubsidized Properties and Options to Reduce Ongoing Subsidies Further - GAO report (7/2013)
Adobe PDFParticipation of Indian Tribes - GAO report (1/2013)

References and Links

FEMA Website on Flood Insurance Reform (3/2013)
NFIP I-Service Site for all WYO Bulletins
EMForum.org presentation on BW12 (4/2013)
Adobe PDF2012 NFIP Reform Act NFIP Reform Section are found on pages 512-574
Adobe PDFFEMA Timeline for Implementation(12/2012)
StormSmart: What the Biggert-Waters Flood Insurance Reform Act Means for Communities (1/2013)

Other

Hearing titled "Implementation of the Biggert-Waters Flood Insurance Act of 2012: Protecting Taxpayers and Homeowners" (11/2013)
Adobe PDFMember alert: Updated ASFPM affordability paper and ASFPM to testify on BW 12 "fix it" legislation (11/2013)
Adobe PDFASFPM Recommendations on 2012 NFIP Reform flood insurance affordability issues (Updated 10/2013)

ASFPM supports many of the provisions of the 2012 NFIP Reform bill, otherwise known as Biggert-Waters 2012, usually shortened to BW-12. A centerpiece of this reform bill was to make the NFIP more financially sound.

What the legislation did not address is the effects of the changes on policyholders and the affordability of flood insurance policies for those who truly cannot afford the increases. While there was a study included in BW-12 to examine affordability issues, it had no implementation mechanism. This paper discusses BW-12, the need for a financially-sound NFIP, and the options to address the affordability issue for lower income people who may not be able to afford the rate increases or for those who may need time to adjust to the premium increases.

Adobe PDFASFPM Report: "Flood Mapping for the Nation" (3/2013)

ASFPM has developed an estimate, based on a careful analysis, of the total cost to provide floodplain mapping for all communities in the nation based on the parameters specified in the Biggert-Waters Flood Insurance Reform Act of 2012. ASFPM has identified criteria of what constitutes adequate flood mapping for the country, and has produced an estimate showing the initial cost to provide flood mapping for the nation ranging from $4.5 billion to $7.5 billion. The steady-state cost to then maintain accurate and up-to-date flood maps ranges from $116 million to $275 million annually.

Adobe PDFHomeowners Insurance Changes in Coastal Virginia: Causes and consequences for shoreline communities from Wetlands Watch (7/2013)

Archive

NFIP & the Endangered Species Act (ESA)

FEMA: NFIP and the Endangered Species Act (ESA) (4/28/2011)

NFIP Bulletins & Updates

Adobe PDFNFIP Bulletin W-11021 New NFIP Policy Regarding ICC & Substantial Damage (4/1/2011)
Adobe PDFNFIP Bulletin W-11020 Changes to NFIP effective October 1, 2011 (4/1/2011)

NFIP Authorization Lapses

Adobe PDFNFIP Bulletin W-11119 NFIP Extended through December 16, 2011 (11/18/2011)
Adobe PDFNFIP Bulletin W-10091 NFIP Extended through September 30, 2011 (9/24/2010)
Adobe PDFNFIP Bulletin W-10073 NFIP Extended through September 30, 2010 (7/2/2010)
Adobe PDFH. R. 5569 AN ACT To extend the National Flood Insurance Program until September 30, 2010
Adobe PDFNFIP Bulletin W-10063 Guidance on NFIP Program Lapse May 28, 2010
Adobe PDFNFIP Bulletin W-10045 NFIP Lapse, Extension of Grace Period April 20, 2010
Adobe PDFNFIP Bulletin W-10044 NFIP Extended thru May 31st, Issued April 16, 2010
Adobe PDFNFIP Bulletin W-10036 Guidance on NFIP Program Lapse April 1, 2010
Adobe PDFNFIP Bulletin W-10031 Lender Guidance on NFIP Program Lapse March 30, 2010
Adobe PDFNFIP Bulletin W-10029 FAQ on NFIP Program Lapse March 29, 2010
Adobe PDFNFIP Bulletin W-10028 on NFIP Program Lapse March 29, 2010
Adobe PDFNFIP Bulletin W-10027 on NFIP Program Lapse March 26, 2010
Adobe PDFNFIP Bulletin W-09068 Recommendations/Guidance on NFIP Program Lapse
Flood Insurance Program Closed; No Policies Until Senate Votes (news article)
Senator Continues to Block 'Extenders' Bill (news article)

Reauthorization Letters from States

Adobe PDFFlorida Support for NFIP Reauthorization to Senator Nelson (3/31/10)

Preferred Risk Policy (PRP) Extension

PRP 2-Year Eligibility Extension Materials:

Adobe PDFCover Letter: PRP 2-Year Eligibility Extension Materials (9/2010)
Adobe PDFProperty Owner's Documentation for 2-Year PRP Eligibility Extension (9/2010)
Adobe PDFHistoric Flood Map Guide "Why Historic Flood Maps are Important"(9/2010)
Adobe PDFPRP Community Official Fact Sheet #1 "New Low-Cost Insurance Option" (7/2010)
Adobe PDFPRP Consumer Fact Sheet #2 "New Low-Cost Insurance Option" (9/2010)
Adobe PDFFAQ - PRP Eligibility Extension Bulletin (9/2010)
Adobe PDFTalking Points: PRP Eligibility Extension (9/2010)

PRP Extension Documents

Adobe PDFFEMA Extends PRP for Homeowners (8/2012)
Adobe PDFFEMA-WYO Announcement of Extension of Preferred Risk Policy (8/2012)
Adobe PDFNFIP- Details Regarding the Extension of Preferred Risk Policy Eligibility (8/2012)
Adobe PDFNFIP's New Lower-Cost Insurance Option (8/2010)
Adobe PDFPRP Extension Bulletin (6/2010)
Adobe PDFProposed Work-flows for 2-year PRP Extension
Adobe PDFGeneral Q&A for 2-year PRP Extension
Adobe PDFTechnical Q&A for 2-year PRP Extension

FEMA NFIP Documents

Adobe PDFFlood Insurance Rate Comparisons (5/2010)
Adobe PDFNFIP Manual Changes for October 2010 (4/2010)
Adobe PDFNFIP Manual Changes for May 2010 (11/2009)
Adobe PDFNFIP Myths and Facts (F-002; 2/2010)
Adobe PDFNFIP Grandfather Rules - A Fact Sheet for Insurance Agents (7/2009)
Adobe PDFDemystifying Grandfathering (and Other Flood Insurance Options)-Presentation (6/2009)
Adobe PDFSaving on Flood Insurance 2009
Adobe PDFTop Ten Reasons to Buy Flood Insurance Now (2/2009)
Adobe PDFFloodSmart Program Highlights
Adobe PDFElevation Certificate (Expires 2012)
Adobe PDFLowest Floor Guide (F-441; 7/2009)
Adobe PDFFEMA's NFIP Insurance Claims Handbook (2/2009)
Adobe PDFNFIP Summary of Coverages (7/2009)
Adobe PDFAnnual Flood Insurance Cost (2008)
Adobe PDFAnnual Flood Insurance Cost Chart (2008)

ASFPM Correspondence

Adobe PDFLetter to Craig Fugate Regarding CAP-SSSE Funding (10/10)

Other NFIP Information

Adobe PDFUrban Drainage and Flood Control District - Good Neighbor Policy (2/11)



Association of State Flood Plain Managers
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