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Month: July 2021

GAO Releases Report to Congress on Mandatory Purchase Requirement

GAO Releases Report to Congress on Mandatory Purchase Requirement The GAO has released a report of their findings and recommendations related to the Mandatory Purchase Requirement of flood insurance for buildings in high hazard flood zones that serve as collateral for federally backed loans.   The study was conducted to offer considerations for FEMA to evaluate […]

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Risk Rating 2.0: Equity in Action – Joint Trades’ Special Briefing

Risk Rating 2.0: Equity in Action – Joint Trades’ Special Briefing The NFA joined the American Bankers Association and the Mortgage Bankers Association in hosting a special member briefing on NFIP’s Risk Rating 2.0: Equity in Action.  The session included a presentation and discussion led by FEMA’s Senior Executive David Maurstad and Chief Actuary Andy […]

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