Despite improvements, affordability concerns accompany FEMA’s rate-setting methodology: GAO
Reinsurance News - Aug 16, 2023
The Federal Emergency Management Agency’s (FEMA) new rate-setting methodology improves actuarial soundness, but at the same time, it highlights the need for broader program reform, the US Government Accountability Office (GAO) highlighted in a recent report. FEMA’s National Flood Insurance Pro...
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