FEMA’s Risk Rating 2.0 rating methodology began rating all new NFIP policies in October 2021, and on April 1, 2022 all renewing policies are rated with RR 2.0 as well.

If you’ve been following along, you know that FIRM has serious concerns with the lack of transparency and the affordability. The Coalition for Sustainable Flood Insurance based in New Orleans shares FIRM’s concerns as do many Members of Congress on both sides of the aisle including Sen. Rubio, Congressman Crist, Congressman Gimenez,  and many others from Florida and other coastal states.

FIRM has composed a concise white paper that outlines its concerns about this complex issue to share with our elected officials and other stakeholders in the NFIP.

You can download the Risk Rating 2.0 White Paper here.

Key Points and Highlights:

  • Floridians are subsidizing flood insurance claims in other states
  • Risk Rating 2.0 will force Floridians out of home ownership
  • FEMA’s Risk Rating 2.0 lacks transparency
  • Risk Rating 2.0 fails to account for risk mitigation
  • Risk Rating 2.0 will reduce participation in the NFIP

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