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.”

But is it?


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.

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.