NFIP Reauthorized & RR 2.0 Update
Congress has authorized another short-term extension of the National Flood Insurance Program. The program was extended through December 3 in the short-term funding billpassed by Congress this afternoon.
Risk Rating 2.0 is still scheduled to take effect tomorrow, October 1. While the new rating system is being implemented, we are continuing to dig into its impacts. If you have examples of significant premium changes in your area, we would encourage you to share those with us, as well as with members of your congressional delegations.
Please submit rates to CSFI using the following link: http://csfi.info/risk-rating-2-0-submissions/. In the coming weeks, CSFI will reach out to smaller groups to gather more input on the impact of Risk Rating 2.0 and we will keep you updated on any significant developments.