Flood Insurance — Private Insurers Picking Up More Business
The National Flood Insurance Program (NFIP) is administered by the Federal Emergency Management Agency (FEMA). The implementation of Risk Rating 2.0 is attempting to put the NFIP on equal footing. It has been losing billions the last couple of decades. Risk Rating 2.0 is supposed to make the properties insured by the NFIP actuarily sound. …
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