It's Time for FEMA to Come Clean on Risk Rating 2.0
Thousands of Louisiana families have seen recent increases in their flood insurance premium rates as a result of FEMA’s new Risk Rating 2.0 rate-setting program. FEMA imposed the disastrous Risk Rating 2.0 before it was ready for prime time, and as a result, families across Louisiana and throughout the nation are dealing with the devastating consequences.
Recently, I led 50 of my colleagues in demanding answers from FEMA on Risk Rating 2.0. It’s time for unelected FEMA bureaucrats to finally come clean and show homeowners the data and calculations behind Risk Rating 2.0 that have made flood insurance premiums so unaffordable for millions of families across America.