Flood Insurance Reform Act


In July 2012, the U.S. Congress passed the Biggert-Waters Flood Insurance Reform Act of 2012 (BW-12), which calls on the Federal Emergency Management Agency (FEMA) and other agencies to make a number of changes to the way the National Flood Insurance Program (NFIP) is run. Some of these changes already have occurred, and others will be implemented in the coming months.


Key provisions of the legislation will require the NFIP to:
  • Change how the Flood Insurance Rate Map (FIRM) updates impact policyholders
  • Make the program more financially stable
  • Raise rates to reflect true flood risk

Premium Rate Increases

The changes will mean premium rate increases for some but not all policyholders over time. Homeowners and business owners are encouraged to learn their flood risk and talk to their insurance agent to determine if their policy will be affected by BW-12.

Helpful Links & Contacts

More Information

If you are in need of information regarding the Biggert-Waters Act of 2012, Pinellas County Property Appraiser Pam Dubov recommends emailing Patty Latshaw of Wright National Flood Insurance.