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National Flood Insurance Program Reauthorization (2018)

NFIP expires in July 2018, Modernization Act under consideration


The National Flood Insurance Program expires in July 2018 (after a series of short-term extensions starting in September 2017), and of course another long-term authorization of the flood program is a priority for our national governmental affairs team. 

The Big "I" also supports allowing the private market to offer flood insurance where appropriate as a complement (not replacement) to NFIP. Therefore we also endorse the "Flood Insurance Market Parity and Modernization Act."

Follow their progress on the Flood Insurance Issues page of our national website.

See also:

"Understanding Flood Options: Private vs. NFIP" By Craig Poulton in IA Magazine (April 23, 2018)

"FEMA makes changes to NFIP WYO Program" by Jennifer Webb in IA Magazine (March 22, 2018)

Guidance from FEMA in the event of a lapse in National Flood Insurance Program
issued Dec. 2017 by FEMA

"President's Budget Target FCIP and NFIP" by Jennifer Webb in IA Magazine

"House Committee Considers NFIP Reauthorization Package" by Jen McPhillips & Jennifer Webb in IA Magazine

​FEMA's National Flood Insurance Program: Reauthorization

Homeowner Flood Insurance Affordability Act of 2014

The Homeowner Flood Insurance Affordability Act of 2014 (HFIAA) was signed and approved by President Obama on March 21, 2014. This bill introduces changes to the NFIP to address some of the unintended consequences resulting from the implementation of the Biggert-Waters Reform Act of 2012 (BW12). 

April 2015 - FEMA summary Bulletin W-14053

FEMA is rolled out the second wave of HFIAA changes, in effect April 1, 2015, of which they detailed in Bulletin W-14053

To help you clearly understand what to expect come April and how it may impact your customers, Selective prepared an overview of the changes, including information on new surcharges, residence verification, maximum deductibles, premium increases, fee increases, map policies and more. FEMA's HFIAA April Fact Sheet is another great resource.

View Selective presentation

View FEMA factsheet

View FEMA Bulletin W-14053​

May 2014 - FEMA Bulletin W-14014

FEMA recently published Bulletin W-14014 to provide rating guidance for the Homeowner Flood Insurance Affordability Act of 2013. To help you quickly identify the key elements of the bulletin, Selective has summarized it for you with answers to several commonly asked questions as well as links to the original bulletin.

Screenshot of Selective's summary of FEMA Bulletin W-14014

Download/view Selective's summary of FEMA Bulletin W-14014

If you have any questions or you would like more information, please email Big “I” Flood Specialist Jeff St.John or SC Selective Flood Territory Manager Tammy Goodman