November 19th IFMA Meeting

  • 19 Nov 2013
  • 11:30 AM - 1:00 PM
  • Juban's Restaurant

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IFMA Meeting

November 19th

  

SPEAKER:  Rick Foster, City of Denham Springs, Building Official,  will be speaking on the severe impact of the 2012 flood insurance reforms will have on businesses, investment property owners and home owners.

 

Last year the Flood Insurance Reform Act of 2012, commonly called Biggert-Waters, was signed into law.  It was understood by those who passed the law that flood insurance premiums would be increased in increments over time; however, what was not known was how much those increases would be and who would be affected.  Some business and home owners will experience 2000-3000% premium increases.  He will discuss applicable portions of the law, when each goes into effect and what’s being done locally and legislatively to mitigate the potential damages

 





 
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