Flood Insurance Reform Act of 2012

Main Content

The Flood Insurance Reform Act of 2012  calls on the Federal Emergency Management Agency (FEMA), and other agencies, to make a number of changes to the way the National Flood Insurance Program (NFIP) is run. Some of these changes already have occurred, and others will be implemented in the coming months. Key provisions of the legislation will require the NFIP to raise rates to reflect true flood risk, make the program more financially stable, and change how Flood Insurance Rate Map (FIRM) updates impact policyholders. The changes will mean premium rate increases for some—but not all—policyholders over time. Homeowners and business owners are encouraged to learn their flood risk and talk to their insurance agent to determine if their policy will be affected by BW-12.

BW-12 Overview | BW-12 Instructional Videos | Pre-FIRM Subsidy Removal | Building and Rebuilding Information for Home and Business Owners | Information for Real Estate Professionals | Information for the Insurance Industry | Information for State and Local Officials | Other

BW-12 Overview

BW-12 Instructional Videos

Pre-FIRM Subsidy Removal (Starting in 2013)

Building and Rebuilding Information for Home and Business Owners

Information for Real Estate Professionals

Information for the Insurance Industry

Information for State and Local Officials