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Flood Insurance
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The majority of home owners report know about flood insurance, yet only a small percentage actually add the extra coverage to their standard homeowner's insurance policy.
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On March 29, FEMA released information on changes to the policies and rates of the National Flood Insurance Program. Highlights of the changes, required under the Biggert-Waters Flood Insurance Reform Bill that passed in 2012, include revised premium rates, a new Reserve Fund assessment, updated rates for non-primary residences, exclusion of certain properties from receiving subsidized premium...
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The Institute of Real Estate Management's new book has some great ideas on how to prepare any building for any disaster in striking range.
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As residents of the East Coast begin to pick up the pieces in the aftermath of Hurricane Sandy, the REALTORS® Relief Foundation is on hand, collecting donations for victims of the storm.
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In its recent report Disaster Resiliency: A National Imperative, the NRC recommends investment in risk reduction through insurance and other financial instruments that enhance resilience by encouraging mitigation of properties and infrastructure.
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On May 30, 2012, the House of Representatives passed a 60-day extension of the National Flood Insurance Program, which will enable the Senate to act on the 5-year reauthorization and reform bill this June.
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The Senate approved a 60-day extension of the National Flood Insurance Program under an agreement between Senators Reid and Vitter.
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In this issue: NFIP Extended Until May 12; NAR President Veissi Meets with FHA; CFPB Issues Second Round of Proposed Closing Documents; CFPB Sets Up Mortgage Complaint Hotline; NTSB Urges States to Ban Use of Electronics While Driving