January 13, 2017
FEMA requesting comments on establishing a deductible for Public Assistance Program
By News Editor
FEMA requesting comments for establishing a deductible for its Public Assistance Program Deadline for comments close April 12 AGENCY: Federal Emergency Management Agency, DHS. ACTION: Supplemental advance notice of proposed rulemaking. SUMMARY: FEMA is considering implementing a Public Assistance deductible that would condition states’ receipt of FEMA reimbursement for the repair and replacement of public…
January 11, 2017
FEMA sending letters to policyholders to clearly communicate flood risk
By News Editor
FEMA has now begun the next phase of implementation of Section 28, Clear Communication of Risk, of the Homeowner Flood Insurance Affordability Act of 2014, which requires the agency to clearly communicate full flood risk determinations to individual property owners. To meet this requirement, the National Flood Insurance Program reviewed the flood risk and underwriting…
January 9, 2017
ASFPM submits comments to federal register regarding private flood insurance
By News Editor
ASFPM’s Comments on Loans in Areas Having Special Flood Hazards-Private Flood Insurance Joint Notice of Proposed Rulemaking ASFPM submitted comments Jan. 6, 2017. The comments conclude that Congress will need to reauthorize the NFIP in 2017 and that more proposals will be considered relating to the role of private flood insurance. ASFPM believes that there…