The Biden administration’s proposed major overhaul to the National Flood Insurance Program, or NFIP, would drastically alter how Americans protect homes and businesses against flooding.
The administration recently announced 17 legislative proposals that would represent the biggest reform to the NFIP since the program’s inception. One change would be a nationwide disclosure law that would ensure that prospective homeowners and renters have a property’s flood history before signing a contract. Today, 21 states have no such law.
Another proposal would prevent NFIP from issuing any new insurance policies for commercial buildings no matter where they’re located or when they were built because FEMA says it wants to promote growth in the private flood insurance market. Americans hoping to build new homes on eroding beaches and other flood-prone areas would also have to look elsewhere for insurance.
Homeowners would have to go to private insurance companies, which typically charge more expensive insurance premiums. People who hold mortgages on properties that flood multiple times and require insurance payouts of at least $10,000 each time, could lose access to government insurance on their properties after the fourth claim.
The proposals must pass Congress to become law, but there is support from both sides of the political aisle with a view that the status quo is becoming financially unsustainable.
Related Stories
| Apr 10, 2013
ASHRAE publishes second edition to HVAC manual for healthcare facilities
The American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) has published a second edition of its “HVAC Design Manual for Hospitals and Clinics.”
| Apr 10, 2013
Concrete Reinforcing Steel Institute accredited by ANSI as standards developer
The Concrete Reinforcing Steel Institute (CRSI) was recently accredited by the American National Standards Institute (ANSI) as an ANSI Accredited Standards Developer (ASD).
| Apr 10, 2013
DOD should continue LEED-Silver or equivalent rating standard, says NRC
The Department of Defense should continue to require that its new buildings or major renovations to facilities be designed to achieve a LEED-Silver or equivalent rating, says a new report from the National Research Council.
| Apr 10, 2013
EPA proposes emissions rules affecting light construction vehicles
The Environmental Protection Agency has proposed air-pollution standards that it says will reduce the amount of sulfur in U.S. gasoline by two-thirds and impose fleet-wide pollution limits on new vehicles.
| Apr 10, 2013
New skyscraper designs raising the bar on green standards
Though most new skyscraper designs have a traditional look, they are including a wider array of sustainable elements to use energy and water more efficiently and improve human health.
| Apr 5, 2013
Lack of national standards on design of bioterror labs creates higher risk for accidents, panel says
U.S. labs that conduct research on bioterror germs such as anthrax are at risk for accidents because they do not have uniform design and operation standards, according to a Congressional investigative group.
| Apr 5, 2013
Builders Hardware Manuf. Assn. revises three standards for hinges, locks, and latches
The Builders Hardware Manufacturers Association (BHMA) released three new revisions to the ANSI/BHMA standardsfor hinges, interconnected locks, and sliding and folding hardware.
| Apr 5, 2013
New items to ASHRAE/IES energy standard open for public comment
The 2013 version of the ANSI/ASHRAE/IES Standard 90.1-2010, Energy Standard for Buildings Except Low-Rise Residential Buildings, is scheduled for publication later this year, and 26 proposed addenda are open for public comment.
| Apr 5, 2013
No evidence that mandatory building energy labeling improves efficiency, study says
The Building Owners and Managers Association (BOMA) International and the Greater Boston Real Estate Board (GBREB) released a report, “An Economic Perspective on Building Labeling Policies,” that questions the efficacy of mandatory building energy labeling.
| Mar 27, 2013
Practical application of Legionella prevention standards the focus of ASHRAE project
An American Society of Heating, Refrigerating and Air-Conditioning Engineers committee drafting tough new standards to prevent the waterborne bacteria Legionella is focused on how to apply the standards in the real world.
