New Fema methodology could spike rates for NFIP policyholders
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New Fema methodology could spike rates for NFIP policyholders

Eileen AJ Connelly
October 18, 2021
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Aerial drone view entire Neighborhood under water near Austin , Texas

The reality of the new methodology used for the National Flood Insurance Program (NFIP) is hitting home as more than 75% of policyholders learn they are facing premium increases – in some cases significant hikes.

The Federal Emergency Management Agency (Fema) moved ahead on October 1 with its updated risk rating methodology over objections from insurance agents and lawmakers from several coastal states.

The

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Eileen AJ Connelly
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