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New Flood-Insurance Rating System Starts October 1

A new flood-insurance rating system, designed to make rates reflect the true risk to an individual property will go into effect on October 1. FEMA calls it their Risk Rating 2.0 system. They describe it as Equity in Action. It’s FEMA’s attempt to put the National Flood Insurance Program (NFIP) on a sound actuarial footing […]

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