Risk Rating 2.0 News

FEMA Invites Public to Comment on Johnson County, Texas Flood Maps

Preliminary flood risk information and updated Flood Insurance Rate Maps are available for review in Johnson County, Texas, FEMA announced this week. Residents and business owners are encouraged to review the latest information to learn about local flood risks and …

Louisiana Lawmaker to Hold Flood Insurance Program Townhall

Louisiana Congressman Garret Graves, St. Charles Parish President Matthew Jewell, FEMA representatives, and members from the St. Charles Parish Council will host a townhall meeting on Thursday, March 3, 2022, 6:00 PM to 8:00 PM to discuss FEMA’s new National …

Flood Insurance Costs Rise in Louisiana as Risk Rating 2.0 Sets in

In the past year, the southwestern Louisiana city of Lake Charles weathered two hurricanes, intense rainfall that sent water gushing down streets and a deep freeze that burst pipes. Yet Tommy Eastman may eventually drop coverage on his four-bedroom home …

U.S. Senators See ‘Actuarial Disaster’ on the Horizon with Flood Risk Rating 2.0

U.S. senators from coastal states are predicting “an actuarial disaster” in the future once FEMA’s new flood insurance rating systems goes into full swing. In a press call on Sept. 30, Louisiana Sen. Bill Cassidy and New Jersey Sen. Bob …

Michigan DIFS Expects New Flood Insurance Rating System to Lower Costs in the State

The Michigan Department of Insurance and Financial Services (DIFS) said the National Flood Insurance Program (NFIP) estimates that under its new rating system more than 52% of Michigan flood insurance policies will see immediate savings once the program begins. The …

Rates to Rise for Millions of Homeowners Under National Flood Insurance Program

The federal government Friday rolled out a flood-insurance program revamped to reflect worsening climate change, a program that will raise rates for millions of homeowners in wealthy coastal areas and humble inland communities alike. The Federal Emergency Management Agency in …

Flood Insurance Program Expires Tomorrow Unless Congress Acts

As Democrats and Republicans in Washington continue to haggle over government debt and spending, federal flood insurance is among the programs facing disruption. Without renewed funding, a government shutdown would begin after the end of the fiscal year tomorrow, Sept. …

Insurance, Housing Groups Urge Renewal of Flood Program That Expires Sept. 30

The National Association of Mutual Insurance Companies, along with a large coalition of other insurance, lending and housing industry groups, is urging congressional leaders to avoid any lapse in National Flood Insurance Program coverage by renewing the NFIP before its …

How New Flood Insurance Rating Will Affect Tennesseans

The Tennessee Department of Commerce & Insurance (TDCI) is raising awareness of recent changes to the National Flood Insurance Program (NFIP) that it says will raise flood insurance premiums for some Tennessee flood insurance consumers while for others, premiums will …

It Doesn’t Take a Hurricane to Cause a Flood

Flooding is the costliest — and the most common — natural disaster to significantly impact communities across the United States, The PEW Charitable Trusts notes in reporting on flood-prepared communities. Flood events have accounted for more than $850 billion in …