Risk Rating 2.0: FEMA Issues Agent Guide and September Training Dates
The guide gives agents easy access to Risk Rating 2.0 information when completing a National Flood Insurance Program (NFIP) application.
Flood
FEMA Sends out Update as NFIP’s Risk Rating 2.0 Implementation Nears
The notice to Write-Your-Own insurance companies stated the anticipated quoting and policy issuance for Phase 1 of Risk Rating 2.0 policies will be available starting on Aug. 16.
NFIP ‘Continuous Coverage’ Legislation Introduced in House
The legislation clarifies that a flood insurance policy purchased in the private market can count as “continuous coverage” under the terms of the National Flood Insurance Program (NFIP).
FEMA Announces August Dates for Risk Rating 2.0 Agent Webinars
The webinars will bring agents the latest information on how and when the new pricing methodology for the National Flood Insurance Program (NFIP) will be implemented.
FEMA Announces July Dates for Risk Rating 2.0 Agent Webinars
The webinars are designed specifically for independent agents to learn more about FEMA’s new pricing methodology for the National Flood Insurance Program (NFIP).
Senate Banking Committee Holds Second Hearing on NFIP Reauthorization
The hearing covered topics including the structure of the National Flood Insurance Program (NFIP), the role of private flood insurance, and Risk Rating 2.0.
Student of the Industry: Private Flood’s Impressive Growth
More than $600 million in premium and 160 active insurers—a nice start to private flood. Where is this line of business most prevalent and which insurers are focused on it?
FEMA Releases New Guidance on Risk Rating 2.0
The new information provides localized rate analysis at the zip code level for all 50 states and the District of Columbia, as well as flood mitigation actions for policyholders.
FEMA Announces New Risk Rating 2.0 Webinars for Agents
The National Flood Insurance Program will be hosting a number of Risk Rating 2.0 – Equity in Action webinars designed for insurance agents throughout June and July.
Equity in Action: Why Risk Rating 2.0 Will Change the Industry
FEMA has branded Risk Rating 2.0 as “Equity in Action”—and it’s easy to see why. It will revolutionize the way the NFIP rates are structured, making the process fairer and easier to understand for those looking to purchase federal flood insurance.
