Flood Insurance PAG Holds First Meeting - Will study impact of new flood insurance rules. Earlier this past summer, NAR President Gary Thomas appointed a Presidential Advisory Group (PAG) to investigate the impacts that federal legisation passed last year to reform the National Flood Insurance Program (NFIP) will have on the real estate industry and property owners. The PAG held its first face-to-face meeting in Washington, DC on Oct. 1-3.
Changes are coming to the critically important National Flood Insurance Program (NFIP) that could impact real estate transactions and property owners across the country. That’s according to experts from the Federal Emergency Management Agency, which manages the government’s flood insurance program, who spoke to REALTORS® at a Flood Insurance 101 session during the Realtors® Midyear Legislative Meetings & Trade Expo. The National Association of REALTORS® strongly supported the legislation and believes the government’s insurance program saves