The Biggert-Waters Flood Insurance Reform Act of 2012 (BW-12) is a law passed by Congress and signed by the President in 2012 that extends the National Flood nsurance Program (NFIP) for five years, while requiring significant program reform. The law requires changes to all major components of the program, including flood insurance, flood hazard mapping, grants, and the management of loodplains. Many of the changes are designed to make the NFIP more financially stable, and ensure that flood insurance rates more accurately reflect the real risk of flooding. The changes will be phased in over time, beginning this year. Over the years, the costs and consequences of flooding have continued to increase. For the NFIP to remain sustainable, its premium structure must reflect the true risks and costs of flooding. This is a primary driver for many of the changes required under the law. Click if you want to read more about the Biggert-Waters Reform Act of 2012. If your home or business has been flooded Build Back Safer and Stronger. Click here if you are rebuilding in an AE Zone. Click here if you are rebuilding in a VE Zone. Click here if you need more information about the different Flood Hazard Zones.