Source: US Rep. David Rouzer (NC-7th), 4/10/22

Updates from Washington


Introducing Legislation to Prevent Flood Insurance Price Hikes

Last week, FEMA announced implementation of its new National Flood Insurance Program (NFIP) premium rate structure, also known as Risk Rating 2.0.  There are major transparency issues regarding Risk Rating 2.0, and I am very concerned to see FEMA move forward with implementation given that is the case.  Some families in Southeastern North Carolina have seen their flood insurance rates increase from $500 a year to more than $4,000 a year for a single home.

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