Realtor Advice, Sales

Looks like a Delay in NFIP Premium Increases is Tabled

There had been some hope that Congress would address a delay in NFIP flood insurance rate hikes through legislation this Fall, but it now appears that this effort has run into roadblocks on both sides of the aisle. It looks like most legislatures are falling back on the belief that continued subsidies at this level place an unfair burden on taxpayers by continuing to “bail out” the flood insurance program.

We’ll do our best to keep you up-to-date with developments, so I wanted to share this article from The Insurance Journal last week.

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