Flood Insurance Coverage Is Still in a ‘Death Spiral’ as Senators Try To Block Premium Hikes

The NFIP faces an "actuarial death spiral" as Risk Rating 2.0 hikes costs. After 35 short-term fixes, senators warn of a ...
American Banker

GOP senators push FEMA to scrap Risk Rating 2.0

A group of eight Republican senators is again urging the Federal Emergency Management Agency to scrap Risk Rating 2.0, the flood insurance pricing overhaul implemented under the Biden administration.
WTKR

FEMA’s new flood risk rating system could result in new insurance rate

Flooding can happen to anyone. “All 50 states have experienced significant flooding,” said Ileana Ledet, senior vice president of Policy at Greater New Orleans Inc. Recently the Federal Emergency ...
WDSU

Jefferson Parish residents hoping for drop in flood insurance rates say they are seeing opposite

INTO FRIDAY. MORE ON THE TIMING A LITTLE BIT LATER. ALL RIGHT DEREK, THANK YOU. JEFFERSON PARISH HOMEOWNERS FEELING THE SHORT END OF THE STICK, SAYING THEY THOUGHT THEY WOULD BE RECEIVING A LOWER ...