NAR Testifies on Flood Insurance (NAR)

By Austin Perez, Russell Riggs, Colin Allen

On June 30, 2016, Vice Chair David McKey of NAR’s Insurance Committee testified on the small business impacts of inaccurate flood insurance rate increases. The National Flood Insurance Program (NFIP) is up for renewal next year, and must be reauthorized before September 30, 2017 in order to continue providing flood insurance in 22,000 communities nationwide where required for a federally related mortgage.

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