Changes Ahead- Risk Rating 2.0

Risk Rating 2.0 – New Initiative May Increase Flood Premiums and Decrease Property Values

The Federal Emergency Management Agency (FEMA), which administers the National Flood Insurance Program (NFIP) announced Risk Rating 2.0, a new effort designed to improve how the NFIP determines flood risk and flood insurance premiums. It purports to leverage industry best practices and technology; however, by most accounts, Risk Rating 2.0 will increase premiums and decrease […]

NFIP Reauthorization Watch

NFIP Reauthorization Watch – Notes from a Congressional Hearing

The countdown is on, yet again, for NFIP Reauthorization, the renewal of the National Flood Insurance Program set to expire May 31, 2019. Both the U.S. House of Representatives and U.S. Senate must pass legislation to continue the federal program and will consider changes, improvements, short-term or long-term renewal.  Last month’s U.S. House Committee on […]

Chareleston SC

Elevation News to Manage Flood Risk – Noteworthy Takeaways from Charleston SC

Elevation plays a critical role in determining flood risk and flood insurance rates. A couple of feet, a few documentation errors or significant omissions can make a considerable difference in the amount property owners pay for coverage or measures implemented to mitigate flood damage. In Charleston, SC, city officials consider raising elevation guidelines to reduce […]


Elevation Certificates: Why You Need Them

Elevation Certificates: Why You Need Them Elevation Certificates are important documents that state the elevation of buildings. In addition to elevation, Elevation Certificates also describe the building location, Lowest Floor Elevation, building characteristics, and flood zone. If your home or business is in a high-risk flood zone, Elevation Certificates are indispensable. One reason why you […]