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President Signs Homeowner Flood Insurance Affordability Act

President Obama signed the Homeowner Flood Insurance Affordability Act of 2014 into law which repeals and modifies certain provisions of the Biggert-Waters Flood Insurance Reform Act of 2012.  One of the objectives of the Homeowner Flood Insurance Affordability Act of 2014 is to provide relief to qualifying policyholders who received rate increases under earlier legislative program changes.

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