Regulators have proposed new rules that would require banks to accept private flood insurance on homes in high-risk areas.

The new rules would amend the Biggert-Waters Flood Insurance Reform Act of 2012, which eliminated subsidies for residential flood insurance and permitted certain premiums that had been frozen for years to rise. The bill also placed limits on the cost of force-placed flood insurance bought by banks, among other reforms.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access