March 1, 2017
Elevation Certificate Revised, FEMA Announced March 1, 2017
By News Editor
Elevation Certificate Revised, FEMA Announced March 1, 2017 FEMA announced in a March 1 bulletin that the newly revised Elevation Certificate (FEMA form 086-0-33) can now be accessed at: https://www.fema.gov/media-library/assets/documents/160 Bruce Bender, ASFPM Insurance Committee co-chair, said of the announcement, “After the initial release of the Elevation Certificate, the ASFPM Insurance Committee began gathering…
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…
December 7, 2016
In early January, FEMA plans to implement a larger reinsurance program at the federal level
By News Editor
Public Notice of the FEMA Intended Procurement for NFIP With the impacts of several large flood disasters over the past years, the National Flood Insurance Program experienced situations where the cost of policy claims far exceeded the amount of premiums and accumulated surplus. This resulted in the NFIP incurring a debt to the U.S. Treasury…
