Congressman Carlos Gimenez (R-Fl) joined Senator John Kennedy of Louisiana in introducing the Flood Insurance Fairness Act in the House of Representatives, which prevents the NFIP from increasing flood insurance premiums without Congressional approval. The action is intended to slow the implementation of FEMA’s new rating system Risk Rating 2.0—dubbed “Equity in Action.” Risk Rating 2.0 is set to launch on October 1, 2021 for new flood insurance policies and April 1, 2022 for renewing policies.

FIRM sent correspondence to Sens. Rubio and Scott and Congressman Gimenez expressing grave concerns about the new methodology and its lack of transparency. The letter from FIRM specifies the impacts this new system will have on Monroe County residents. “This new rating system will no longer use flood maps and zones to determine a homeowner’s premium rate, but rather a series of models that will fundamentally change a property’s individual flood risk assessment and therefore its insurance premium. According to FEMA’s predictions 92.9% of Monroe County properties, 87.6% of Florida properties and 84.1% of policyholders nationwide will see an increase under the new program.”

Congressman Gimenez’s office responding quickly to set up a conference call with members of FIRM’s Board of Directors and Floodmap Task Force to hear their concerns. The Congressman subsequently introduced the companion legislation in the House of Representatives.

FIRM thanks Congressman Gimenez for his support and understanding of this issue of critical importance to all Floridians, especially those in Monroe County.

FIRM supports meaningful reforms to the National Flood Insurance Program that place an emphasis on affordability, mitigation, and expansion to all properties in floodplains.

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