On July 6, 2012, the President signed into law H.R. 4348 which allows rates to increase by 25% until actuarial rates are achieved.  This is done by removing the subsidy rates.  Okay, so what’s the big deal? The big deal is that in addition to paying more, this also increases the penalties for non-compliance.  Meaning Read more about 25% Rate Hike on National Flood Insurance Program[…]