CE credits offered for FREE Insurance Agent training on Risk Rating 2.0: Equity in Action RISK RATING 2.0: EQUITY IN ACTION FEMA is updating the National Flood Insurance Program's (NFIP) risk rating methodology through the implementation of a new pricing methodology called Risk Rating 2.0. The methodology leverages industry best practices and cutting-edge technology to enable FEMA... Continue Reading →
With hurricane season fast approaching, the Federal Emergency Management Agency (FEMA) and its National Flood Insurance Program advise Hawaii residents to prepare now for hurricane-related storms and flooding.
FEMA’s long-awaited Risk Rating 2.0 rollout is now underway as the agency announced April 1 that NFIP flood insurance policyholders will see a new system calculate their premiums. FEMA should be releasing more details in the coming days on its Risk Rating 2.0 webpage, and ASFPM will pass along any noteworthy information to our stakeholders.
This training opportunity is FREE and made possible through FEMA RIX’s support. Although it may appear that some of these sessions are targeting community officials, they will also be useful to design professionals. Architects, engineers, and surveyors will learn how their SFHA development projects are reviewed for compliance and understand some of the common errors... Continue Reading →
Premium Changes to the National Flood Insurance Program (NFIP) outlined in the attached FEMA Write Your Own (WYO) Bulletin dated October 1, 2020.
With an impending lapse of the National Flood Insurance Program (NFIP) fast approaching at the close of FY20 fiscal year, the House of Representatives voted to extend the NFIP until the end of FY21 as part of a measure to provide continuous funding to the federal government until December 11, 2020. H.R.8337 will still need... Continue Reading →
While 2020 may feel very different for most, disasters can and continue to happen. In a recent podcast Paul Huang, FEMA Assistant Administrator, discusses how purchasing flood insurance is one easy way homeowners and renters can prepare for the future. The National Flood Insurance Program website has numerous resources for property owners, insurance agents and... Continue Reading →
“Where it can rain, it can flood,” says David Maurstad, senior executive of the NFIP. “One of the most important steps homeowners can take during the start of this year’s hurricane season is to renew or purchase flood insurance. With it, you have the peace of mind that comes with knowing you and your home can, and will, recover in the event of an unexpected flood.”
June 1, 2020 marks the official start of hurricane season in the Central Pacific. Flooding can happen to anyone. Now would be a good time to send a message to your clients on the importance of purchasing flood insurance to help protect their home and belongings. As an agent, a question to ask your clients... Continue Reading →