New Fema methodology could spike rates for NFIP policyholders
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free trial
  • Log in

New Fema methodology could spike rates for NFIP policyholders

Eileen AJ Connelly
October 18, 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Aerial drone view entire Neighborhood under water near Austin , Texas

The reality of the new methodology used for the National Flood Insurance Program (NFIP) is hitting home as more than 75% of policyholders learn they are facing premium increases – in some cases significant hikes.

The Federal Emergency Management Agency (Fema) moved ahead on October 1 with its updated risk rating methodology over objections from insurance agents and lawmakers from several coastal states.

The

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Regulation
Eileen Connelly.png
Eileen AJ Connelly
Contributing Editor
Gift this article