As previously reported in both the News & Views and Markets Pulse e-newsletters, significant NFIP changes took effect yesterday due to implementation of the Homeowner’s Flood Insurance Affordability Act of 2014 (HFIAA) and continued implementation of Biggert-Waters.

This week, FEMA released a four-part video series highlighting the Flood Manual changes effective April 1:

• Part one of the video provides an overview of premium increases resulting from the implementation of HFIAA and the continued implementation of Biggert-Waters.
• Part two reviews the surcharges, deductibles and fees due that took effect April 1.
• Part three discusses new procedures for properties newly mapped into the Special Flood Hazard Area.
• Part four addresses the new rating structure, new guidance on substantially improved buildings, and additional rating guidance on Pre-FIRM buildings.

John Prible is Big “I” vice president of federal government affairs.