Search
 

Senate Panel Supports Delay on Some NFIP Rate Increases

A panel of the Senate Appropriations Committee has voted to effectively stop FEMA from implementing mandated NFIP rate increases for grandfathered properties.

By Arthur D. Postal | Updated on July 17, 2013

A panel of the Senate Appropriations Committee has voted to effectively stop the Federal Emergency Management Agency from implementing a provision of the 2012 law reauthorizing the National Flood Insurance Program that mandates phased-in rate increases for grandfathered properties.

The provision barring FEMA from implementing Sec. 207 of the 2012 Biggert-Waters Act was passed by the Senate Appropriations Subcommittee July 16 and will be considered by the full committee July 18.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.