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.
Flood
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.
Senate Banking Committee Holds Hearing on NFIP Reauthorization
The Big “I” submitted a statement on the need for a long-term reauthorization of the National Flood Insurance Program, and also submitted comments on proposed interagency Q&As on private flood insurance.
Legislation to Delay Risk Rating 2.0 Introduced in the House
The act would require FEMA to release an impact analysis at least six months before National Flood Insurance Program changes, and prohibit certain changes during and up to six months after the COVID-19 emergency declaration.
House Hearing Includes NFIP Reauthorization Discussion
The legislation would reauthorize the National Flood Insurance Program (NFIP) for five years and clarify that private flood insurance can satisfy the NFIP’s continuous coverage requirements, a top priority for the Big “I.”
