FEMA’s National Flood Insurance Program (NFIP) will undergo a massive overhaul this October, marking the most substantive change since 1968. With the IPCC’s report on climate change last week, risk and insurance professionals have an imperative to reevaluate and adjust their property risk strategies in the coming months.
FEMA’s new Risk Rating 2.0 goes into effect for new policies, shifting how flood insurance premiums are calculated. Risk and insurance professionals who respond quickly...
Stronger flood insurance mandates may be on the horizon in the United States as FEMA prepares to adjust their flood risk assessment system. A reason to be hopeful:...