FEMA is planning to announce its “Risk Rating 2.0” that will dramatically revise risk assessments for flood risk properties. Proactively understanding and preparing for these changes is a necessary first step for risk and insurance professionals to take sooner than later.
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...
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...