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FEMA Issues Risk Rating 2.0

On April 1st, the Federal Emergency Management Agency (FEMA) released its first official communication on the long-awaited overhaul of the National Flood Insurance Program (NFIP)’s rating system. The new pricing methodology, known as Risk Rating 2.0, uses new modeling...
2020 Flood Insurance Update

2020 Flood Insurance Update

Leaders in the insurance industry anticipated that 2019, much like 2018, would be a tumultuous year for flood insurance with large catastrophic events, legislative impasse and administrative uncertainty. For the National Flood Insurance Program (NFIP) and private...