GAO Urges Changes to NFIP as Study Highlights Potential $27B Shortfall
Insurance Journal - Aug 02, 2023
FEMA’s National Flood Insurance Program (NFIP) substantially improved ratemaking by implementing Risk Rating 2.0 in 2021 but the program faces a potentially significant premium shortfall, a study by the U.S. Government Accountability Office (GAO) found. Published ahead of reauthorization of &#...
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