November 5, 2022 The Scalise Capitol Report Calling for Transparency on NFIP's Risk Rating 2.0With 80 percent of Louisiana policyholders facing rate increases, it’s clear that it’s time for greater transparency and affordability in the National Flood Insurance Program (NFIP). This week, I sat down with local leaders and stakeholders to discuss their concerns about the impact of the Federal Emergency Management Agency's (FEMA) Risk Rating 2.0 on policyholders. In April, FEMA began implementing Risk Rating 2.0 for existing policies. Now, data from FEMA has shown an alarming drop in policies as communities are priced out and struggle to find coverage due to a lack of affordable options. It’s embarrassing that FEMA refuses to answer simple questions from the people who build levees and parish leaders who invest millions and billions of dollars into better flood protection – and after they do that FEMA still gives higher premium increases and won’t explain how they came to those rate hikes. That’s inexcusable.