Filed Under:Agent Broker, Agency Management

FEMA Head Says Study on NFIP Affordability Could Take 2 Years

The administrator for the Federal Emergency Management Agency said it will take up to two years for a study on affordability issues related to the National Flood Insurance Program to be completed.

FEMA head W. Craig Fugate today responded to requests from critics of flood insurance rate increases set to take hold Oct. 1 under the Biggert-Waters Act of 2012. Some groups have pushed to delay the increases until a study is complete.

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