Reauthorization of National Flood Insurance Progam includes limit on flood insurance increases

Doris-Matsui-7.18_mailer_thOn July 6, 2012, President Obama signed the Biggert-Waters Flood Insurance Reform Act of 2012 extending the National Flood Insurance Program’s authority through September 30, 2017. This authorization includes a provision that caps the amount premiums can increase in any given year when an area is newly mapped into a FEMA high-risk zone. Congresswoman Doris O. Matsui recently sent a notice informing residents of this provision.