ABA Lends Support to Flood Insurance Affordability Bill
While ABA supported Biggert-Waters, in the wake of recent storms, including Katrina and Sandy, many homeowners have found their properties to be located in heightened high-risk flood zones due to remapping done by FEMA and are acing severe affordability issues if rate increases are to take effect as scheduled. The industry group lends its support to efforts to reform Biggert-Waters. [11/5]