FEMA officially announced Risk Rating 2.0 last Thursday as a change to the National Flood Insurance Program’s risk rating methodology, affecting new policies beginning Oct. 1, 2021 and renewals after April 1, 2022. These changes present a dramatic shift in pricing for risk and insurance professionals to analyze, especially as FEMA’s flood map data evolves.
Connect with our team to see how Maptycs allows organizations to quickly and effectively adjust their risk strategies with these new changes.
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With news from the 2021 UN Climate Change Conference indicating a stronger international commitment to combatting climate change, insurers should expect rising carbon...