In response to Congressional action, NFIP stops planning for rate increases to "grandfathered" properties

Due to inclusion of language in an omnibus funding bill signed by President Obama on January 17, 2014, the Federal Emergency Management Agency recently released an advisory document which indicates that FEMA has stopped any planning to implement section 207 of the Biggert-Waters Act. Section 207 of BW12 instructed the National Flood Insurance Program to…