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NFIP Risk Rating 2.0 Update

An update to pass along regarding the National Flood Insurance Program (NFIP) and Risk Rating 2.0…

FEMA recently posted updated county/parish and zip-code level data on the monthly premium impact of the updated rating system. You can access this data here: https://www.fema.gov/flood-insurance/work-with-nfip/risk-rating/profiles.  The breakdown provides the number of policyholders in each parish/zip code who will see rate decreases vs. rate increases.

We’d also like to thank the newest members to formally join our coalition – the Bay Area Houston Economic Partnership (Tx); Fair Insurance Rates in Monroe (Fl), and the Northshore Home Builders Association (La).  We are sincerely grateful for their support, which helps to underwrite our direct expenses related to the NFIP initiative.  CSFI members will continue to receive invitations to virtual sessions, as well as have added opportunities for input on policy development.  The membership fees are below:

  • $250 – Government or Nonprofit Organization
  • $500 – Private/For Profit Organization

You can find more information here http://csfi.info/join-the-coalition/.  Thank you, as always, for your engagement on the NFIP!