With our extensive bayou system and the Gulf Coast located just a half hour from our great city, Houstonians know the importance of having flood insurance to protect their property. The number and costs of claims for storm after storm have exhausted the National Flood Insurance Program’s (NFIP) resources, and recent storms like Hurricane Sandy have drained the program of cash. As a result, Congress passed the Biggert-Waters Flood Insurance Reform Act to increase the accuracy of flood risk assessment and the mapping of hurricane and coastal storm areas.
Flood Insurance Reform: What Congress is Doing and How You Can Get Involved
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