Flood Risk News & NotesvFIS

Flood Risk News & Notes: Rates, Maps, Regulatory and Elevation Matters

From the headlines to your bottom line, this edition of Flood Risk News & Notes includes another extension of the National Flood Insurance Program (NFIP); an increase in flood insurance premium rates; flood map changes in more than 70 communities around the country; and a reminder about elevation certificates. Below you will find a summary […]

Flood Map Update Front-Generic-NB

This Month, Check Last Month’s Flood Map Updates – 42 Communities Affected

FEMA’s release of revised flood insurance rate maps includes 42 communities in seven states: Florida, Georgia, Louisiana, New York, Oregon, Texas, and Washington.  Many flood map updates place homes and buildings in a Special Flood Hazard Area (SFHA), also known as a high-risk flood zone. A flood map reflects a geographic area -not individual property […]

Flood Map Update Front-Generic-NB

November 2017 Flood Map Updates

On November 3, 2017, the Federal Emergency Management Agency (FEMA) released revised flood insurance rate maps for select communities in three states: New York, Pennsylvania, and Iowa. The new maps place many homes and buildings in a Special Flood Hazard Area (SFHA), also known as a high-risk flood zone. A flood map reflects a geographic […]

error-261888_1280

Spot Elevation Certificate Errors to Eliminate Unwarranted Flood Insurance Expenses

The National Flood Insurance Program (NFIP) requires an elevation certificate to certify the elevation and other characteristics of a building to determine an actuarially sound flood insurance rate. Errors or omissions lead insurance agents to misrate flood insurance policies, resulting in liability for the surveyor, insurance agent, and most importantly, property owner. Because of elevation […]