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President Signed NFIP Reform Bill!
President Obama signed HR4348 into law today, July 6 at 4:55 p.m.! This bill, which passed the House and Senate on June 29, includes the National Flood Insurance Reform, which ASFPM has been monitoring closely for quite some time. So what is in the bill? ASFPM prepared an overview of the provisions and issues in…
“Seeing is Believing? Property Prices in Inundated Areas”–a new brief from the Wharton Risk Center
Conclusions of the brief from the Wharton Risk Center: “Our findings suggest that buyers of floodplain properties have a limited awareness about flood hazards, despite the federal requirement for flood insurance for floodplain properties with a federally-backed mortgage. Our results suggest that it is the result of being flooded, rather than knowing there is a…