Craig Poulton, CEO of Poulton Associates, LLC, owner of CATcoverage.com, distributed a new report today with the assistance of Guidewire HazardHub demonstrating that the National Flood Insurance Program (NFIP) has not raised rates in line with Congressional directives. The analysis illustrates the NFIP’s failure to raise rates and quantifies just how far rates are from… Continue reading New Analysis of NFIP Data Illustrates Unsustainable Rates, More Trouble for Taxpayers
Tag: flood rates
New Flood Rates Will Benefit Lower-Income Communities
An upcoming overhaul of the federal government’s flood insurance program will financially benefit many of the nation’s lowest-income communities by cutting premiums for a large share of their residents, an E&E News analysis of government data shows. But the restructuring will be costly for some affluent coastal communities as the National Flood Insurance Program starts… Continue reading New Flood Rates Will Benefit Lower-Income Communities