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
| Sep 8, 2011
USGBC Streamlines LEED EB: O&M
The Council has reorganized the prerequisite and credit structure of LEED EB: O&M.
| Sep 8, 2011
USGBC: 30 Legislative ‘Wins For Green Building’ So Far In 2011
A mid-year report by the U.S. Green Building Council says that there have been “30 legislative wins for green building” across 22 states in 2011.
| Sep 8, 2011
Revised Building Codes Adopted After WTC Attacks Being Implemented
U.S. National Institute of Standards and Technology (NIST) code revision recommendations in the wake of the World Trade Center terrorist attacks are being implemented in new high-rise construction including One World Trade Center, the lead building of the new World Trade Center complex.
| Sep 8, 2011
New Sustainability Standard Addresses Disaster Resistance
To aid local governments to adopt high-performance green building codes, the Portland Cement Association (PCA) and the Institute for Business and Home Safety (IBHS) have developed High Performance Building Requirements for Sustainability 2.0.
| Sep 8, 2011
Pilot ISO 50001 Implementations Report Big Energy Savings
The International Organization for Standardization (ISO) recently published ISO 50001 to provide a recognized framework for integrating energy performance into management practices.
| Sep 8, 2011
USGBC Revises Energy Demand Response Credit
Originally launched in 2010, the revised and enhanced Demand Response Pilot Credit establishes guidelines that are anticipated to increase participation in automated energy demand response programs.
| Sep 8, 2011
Water Safety in Buildings Guide Published by World Health Organization (WHO)
This WHO book provides guidance for managing water supplies in buildings where people may drink water, use water for food preparation, wash, shower, swim or use water for other recreational activities or be exposed to aerosols produced by water-using devices, such as cooling towers.
| Sep 7, 2011
NFPA Fire & Life Safety Conference in December
Presentations on recent Fire Protection Research Foundation projects, how September 11th and the Triangle Shirtwaist Factory fire affected high rise design, and a panel discussion on emerging code issues will be featured at the National Fire Protection Association (NFPA)’s Fire & Life Safety Conference on December 12-14 in Orlando, FL.The meeting will include more than 60 educational sessions in which participants can earn continuing education units (CEUs). Presentations will be led by NFPA staff experts and technical committee members, and will be organized in four tracks – building and life safety, detection and alarm, fire suppression, and codes and standards. For more information, visit www.nfpa.org/FLSCONF.
| Sep 1, 2011
Project Aims to Automate Code Compliance Assessment
FIATECH, a consortium of owners from the industrial, power, and retail markets that build large structures, launched a project this year to validate the use of automation technology for code compliance assessment, and to accelerate the regulatory approval process using building models. Long-term objectives include the development of an extensive, open-source rule set library that is approved by industry and regulatory bodies for use by technology developers and code officials.
| Sep 1, 2011
EPA Says Additional Lead Paint Cleaning Rules Not Necessary
The EPA has concluded that current Lead: Renovation, Repair, and Painting Program (LRRP) cleaning requirements and lead-safe work regulations are sufficient to protect the public from lead dust hazards. “Our members have been instrumental in contacting legislators to detail the detrimental impact of the current LRRP," says Richard Walker, American Architectural Manufacturers Association’s president and CEO. “This collective industry voice has prompted the EPA to make the responsible decision to refrain from adding further, unnecessary costs to homeowners under the current economic climate."http://www.aamanet.org/news/1/10/0/all/603/aama-commends-its-members-congress-for-vacating-lrrp-clearance-rule
