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FEMA Moves Closer to Risk Rating 2.0 Transition

By September 3, 2021Industry News
The Federal Emergency Management Agency (FEMA) on Sept. 1 released several documents, including final guidance, for the upcoming transition to its new risk rating methodology. The guidance outlines how the agency will apply the new rating factors and credit options when determining insurance premiums for policies issued under the National Flood Insurance Program (NFIP).