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Flood Insurance: Our Latest Challenge

Flood Insurance: Our Latest Challenge

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Published by REALTORS®
This presentation contains the slides from the webinar "Flood Insurance: Our Latest Challenge." It was given by Melanie McLane, NAR member and instructor for NAR RSPS and REBAC courses. The webinar playback can be viewed for credit for the RSPS designation.
This presentation contains the slides from the webinar "Flood Insurance: Our Latest Challenge." It was given by Melanie McLane, NAR member and instructor for NAR RSPS and REBAC courses. The webinar playback can be viewed for credit for the RSPS designation.

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Published by: REALTORS® on Nov 20, 2013
Copyright:Traditional Copyright: All rights reserved

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10/11/2014

 
Presented By: Melanie J. McLane
 ABR®, CRB, CRS, ePRO®, GREEN, GRI, RAA, RSPS, SRES
 
History:
Congress created the National Flood Insurance
Program (NFIP) in 1960’s after Hurricane Betsy hit
New Orleans (damage $1 billion)
Disaster related agencies were merged into FEMA by an Executive Order under President Carter in 1979
11/20/2013
 NATIONAL ASSOCIATION OF REALTORS®
2
 
History:
Disasters follow disasters, and the string of storms beginning in 2005 (Katrina, Rita, Wilma etc) put NFIP $24 BILLION in debt
5.6 million policyholders depend upon NFIP
Long term sustainability was in question
11/20/2013
 NATIONAL ASSOCIATION OF REALTORS®
 3

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