FEMA announced a significant investment in climate resiliency by authorizing $3.46 billion in mitigation funding for the 59 major disaster declarations issued due to the COVID-19 global pandemic. With the growing climate change crisis facing the nation, FEMA’s Hazard Mitigation Grant Program (HMGP) will provide funding for states, tribes, and territories to maximize their investment... Continue Reading →
FEMA is conducting a webinar series to introduce the new flood insurance rating system known as Risk Rating 2.0, Equity in Action. This is a four-part series of briefings offered on a rotating schedule that will introduce the fundamentals of Risk Rating 2.0 and the details of the rating methodology this new system will use. The four training sessions are:
FEMA is updating the National Flood Insurance Program's risk rating methodology through the implementation of a new pricing methodology called Risk Rating 2.0 - Equity in Action. The methodology leverages industry best practices and cutting-edge technology to enable FEMA to deliver rates that are actuarially sound, equitable, easier to understand and better reflect a property's flood risk.
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 Hawai'i 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 →
