Mississippi's governor signed a bill which avoided the possibility of 75,000 properties having to secure more expensive private insurance.
The problem stemmed from state-housing codes, which exempt hunting and fishing-camps from floodplain regulations. This conflicts with NFIP requirements, which mandate that all properties in floodplains be built to code.
Mississippi had asked the Federal Emergency Management Association for an exemption from the provision, but was turned down.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
