The agency painted a different picture however at the end of the year when it sent a report to the treasury secretary and a handful of congressional leaders sayingThe issue of how many people go uninsured for flooding is vital, said Chad Berginnis, executive director of the Association of State Floodplain Managers.
Risk Rating 2.0 will factor in a property’s unique flood risk — like its distance to water and cost to rebuild. The old system was based largely on a home’s elevation and whether it was in a designed flood zone. Most policy holders will now see their rates go up. But for the first time, nearly a quarter of policyholders will see theirs go down. Buyers of new policies began seeing the new prices in October.
“This report makes it crystal clear that FEMA failed to be transparent with policyholders, Congress, and ultimately the American public,” Menendez said in a statement. It shouldn’t have taken a records request for details to emerge, he said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Make No Mistake': Bear Market Isn't Over And These Stocks Could Lead The Next Plunge, Morgan Stanley WarnsStocks have staged a promising rally in the weeks since the Federal Reserve instituted its largest interest rate hike in 28 years.
Source: Forbes - 🏆 394. / 53 Read more »
Health insurers plan premium hikes for the individual marketDemocrats' 11th-hour scramble to avoid steep Affordable Care Act premium increases for enrollees next year glosses over the reality that premiums are going up for many people regardless, thanks to the steady upward march of health care prices. That's Dems specialty 11th hour then nothing! It's time for a new breed of young democrats! Thanks Democrats If you are siding with the insurance companies vs actually implementing single payer healthcare then you are crazy. Most people would save a lot of money going to single payer. Let’s join the rest of the civilized world.
Source: axios - 🏆 302. / 63 Read more »
Netflix announces loss of nearly 1M subscribers in second-quarter earnings reportNetflix shed almost 1 million subscribers during the spring amid tougher competition and soaring inflation that's squeezing household budgets, heightening the urgency behind the video streaming service's effort to launch a cheaper option with commercial interruptions.
Source: ABC7Chicago - 🏆 284. / 63 Read more »