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NACo > Legislation & Policy > Washington Watch > Posts > New Bill Introduced in House that would Delay NFIP Rate Increases
October 04
New Bill Introduced in House that would Delay NFIP Rate Increases

On September 28, Rep. Rich Nugent (R-Fla.) introduced the Flood Insurance Fairness Act of 2013 (H.R. 3218) which would delay increases in flood insurance premium rates for the National Flood Insurance Program (NFIP) until after completion of an affordability study. H.R. 3218 stems from the Biggert-Waters Flood Insurance Reform Act (BW-12), which became law in 2012. BW-12 extended the NFIP program for five years and worked to make the NFIP program more solvent. Local residents and businesses in flood prone areas are experiencing significant increases in insurance rates as a result of the changes. These changes will affect any community that has gone through (or will go through) the Federal Emergency Management Agency’s (FEMA) flood mapping program. 

NACo supports amending the Biggert-Waters Act to keep flood insurance rates affordable while balancing the fiscal solvency of the program. NACo supports reinstating grandfathering of properties (not policies) that were built to code and have maintained insurance or have not repeatedly flooded, and implementing rate structures that reflect an economically reasonable rate.

To view NACo’s County News article that details some of the challenges, click here.

Contact: Arlandis Rush at arush@naco.org or 202.942.4236 or Julie Ufner at jufner@naco.org or 202.942.4269 

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