Landry said the new National Flood Insurance Program risk model replaces the old model from 1985 and is now driving out homeowners with unaffordable costs.
The Department of Housing and Urban Development will expand flood insurance choices for homebuyers with Federal Housing Administration-insured mortgages.
Acceptance of Private Flood Insurance for FHA-Insured Mortgages insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.
Federal Register Extracts insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.