ASFPM Webinar: Biggert-Waters 2012 (BW-12) National Flood Insurance Program (NFIP) Reform Act: Understanding Insurance Impacts & Ramifications of Sections 205 & 207
Date: Thursday, November 14, 2013
Time: 2:00PM – 3:00PM Central Time
Cost: $60 Non-Members / $30* ASFPM Individual Members / $45* ASFPM Chapter, Agency, and Corporate partners
Big changes in flood insurance rates came October 1, 2013! That is the date when many of the insurance provisions of the Biggert-Waters Act of 2012 (BW-12) became effective. Other changes already in place and others will be taking effect in late 2014. Currently, there is a lot of misinformation concerning rate changes and many unanswered questions about how the changes might affect a particular community. Sections 205 and 207 of BW-12 contain most of the provisions related to flood insurance premium increases. While these Sections of the law reflect the gradual elimination of flood insurance subsidies, there are also broader implications to all policyholders.
Bruce Bender, ASFPM’s Insurance Committee Co-Chair is a nationally recognized specialist in flood insurance issues and he will review the changes that will be occurring and show you how those changes will impact various policyholders. Tools and materials will be identified to help you communicate these changes to property owners as well as community elected officials.
Click here to see all the details and how to register.
*Members must enter the event promo code at registration to receive the preferred rate.