Gerry Dolan - Dolan Associates's Blog – March 2021 Archive (1)

Flood Insurance Rates May Rise Dramatically

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…

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Added by Gerry Dolan - Dolan Associates on March 9, 2021 at 10:02pm — No Comments

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