Filed Under:Agent Broker, Agency Management

Proposed NFIP Rate Rollbacks Roil Insurers

Congress is currently deflecting intense pressure to roll back virtually all the increases in flood insurance premiums imposed by a 2012 National Flood Insurance Program reauthorization law that won strong support when it was enacted.

Amongst the opponents of the rollback are Write-Your-Own (WYO) insurance companies, who have already adjusted computer programs rate increases effective Oct. 1, per a provision in the law impacting second homes, businesses, and repetitive loss properties, plus the existing (pre-FIRM) properties that would lose their grandfathering upon resale or refinancing. 

Featured Video

Most Recent Videos

Video Library ››

Top Story

Hosting a Super Bowl 50 party? Watch out for these 5 risks

Follow these five tips to keep your guests and your home safe during your Super Bowl 50 party.

Top Story

Win big with these 7 food safety tips for your Super Bowl 50 party

Avoid food safety penalties at your Super Bowl party by following these seven tips.

More Resources


eNewsletter Sign Up

Agent & Broker Insider eNewsletter

Proven success tips and essential information to help agents and brokers grow their practice – FREE. Sign Up Now!

Mobile Phone

Advertisement. Closing in 15 seconds.