However, this good news is tempered by a potential overhaul in Congress according to nationalunderwriter.com. Some of the desired reforms include “charging premiums that better reflect the risk in this age of increased storm activity and taking a more proactive role in not funding the construction of homes on sites where there has been repeated damage.”
The National Flood Insurance Program (NFIP) has seen a policy growth rate increase of 11% in the past two years. Not surprisingly Florida, Texas and Louisiana have been seen the strongest growth.
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