FEMA is now releasing new preliminary flood maps in your area with new and higher Advisory Base Flood Elevations (ABFEs) particularly along the New York and New Jersey coastlines. FEMA needs IIABA’s and your help in communicating its message to our member agents to help them understand so they can inform consumers, their clients, about the challenges in rebuilding with the map changes, rate changes and NFIP program changes due to Biggert-Waters Reform Act of 2012 (B-W12).
The ABFEs are based on sound science and engineering and show that in most areas significant base flood elevations have increased along the coast. The National Flood Insurance Program Reauthorization by Biggert-Waters 2012 Bill passed in July, 2012 is changing the game for the flood insurance risk and premiums. This webinar is meant to inform you about flood insurance premium increases for consumers and how flood insurance subsidies will be removed over time starting January 1.
Decisions made by homeowners and businesses rebuilding today could significantly affect their flood insurance premiums on many renewals. Please join Big “I” Flood and FEMA for this very important webinar.
“Seats” are limited, so please click the registration link and reserve your spot in this webinar today. Encourage sharing the “seat” by using one phone line and computer to participate. Handouts will be provided when confirming registration. If you have any questions, please do not hesitate to contact us. Big “I” Flood can be reached via email at BigIFlood@iiaba.net or by phone at 703.706.5380.
Linda Mackey, IIABA Director – Disaster Markets
Paul Haung, FEMA/FIMA Branch Chief – Risk Analysis Division
Andy Neal, FEMA/FIMA Actuary – Risk Insurance Division
- Tuesday, January 8 at 11 AM EST (Agents Across the Nation) Register
- Tuesday January 8 at 2 PM EST (Agents Across the Nation) Register
Andrew McElhannon is the Member Services Coordinator for the Independent Insurance Agents of Georgia www.iiag.org, and can be contacted at: email@example.com or b y phone at 770-458-0093, x.110, or 800-878-6487.