Charles Katz-Leavy of Verrill Dana was recently in the news regarding FEMA's new flood insurance rate maps (FIRMs). The changes are of particular significance for property located near the water, including the ocean, rivers, or lakes. For properties mapped in a medium or high risk flood zone, the cost of flood insurance could increase significantly – particularly because flood insurance is typically required for financing. Being added to the flood zone could also restrict building or development opportunities, thereby impacting the value and marketability of the real estate.
Charlie’s article entitled "Reversing the Tide: How to Appeal FEMA’s Proposed Flood Maps" recently appeared in the New England Real Estate Journal.
Charlie was also quoted in the Portland Press Herald in "New Flood Zones to Hit Some Maine Landowners Hard." He also appeared on WCSH-TV in "FEMA Releases Preliminary Flood Maps," and on WGME-TV in "FEMA Releases New Flood Maps."
For more information about FEMA’s new flood maps, contact Charles Katz-Leavy at firstname.lastname@example.org.