As we experience more extreme weather and floods increase across the country, the National Flood Insurance Program is poised to make a shift in how it prices its policies that is expected to have a drastic effect on premiums for many homeowners.
The NFIP's new premium-setting system, called Risk Rating 2.0, will change how the government-run insurer calculates premium rates to better reflect the risk of each individual household.
The new regimen, set to take effect in October…
ContinueAdded by Gerry Dolan - Dolan Associates on March 9, 2021 at 10:02pm — No Comments
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