FEMA Reforming Flood Insurance Risk, Rate Structure
Since the National Flood Insurance Plan’s (NFIP) inception in 1968, additional legislation has been enacted to strengthen the program, ensure its fiscal soundness, create better maps, and tie rates closer to risk. Next year, FEMA will transform the NFIP with something called Risk Rating 2.0, a major change. FEMA says that with Risk Rating 2.0, NFIP is […]
