Risk Rating 2.0 goes into effect on Oct. 1, 2021 and will only apply to new flood polities. Existing policyholders eligible for renewal will be able to take advantage of immediate decreases in their premiums, according to FEMA. (Photo: Sabina Zak/Shutterstock.com) Risk Rating 2.0 goes into effect on Oct. 1, 2021, and will only apply to new flood policies. Existing policyholders eligible for renewal will be able to take advantage of immediate decreases in their premiums, according to FEMA. (Photo: Sabina Zak/Shutterstock.com)

FEMA is calling its Risk Rating 2.0 pricing plan for flood insurance "Equity in Action."

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Personal Lines
Loss Control
Regulation/Legislation
Weather Risk