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Coastal Homes and the Impact of Risk Rating 2.0

December 4, 2022

Right on the heels of Hurricane Ida, the NFIP is increasing insurance rates significantly for coastal homes as part of the upcoming Risk Rating 2.0 transition. While better reflecting the actuarial realities of climate change, these changes will lead to significant disruption for consumers from the Gulf Coast to New England. The New York Times covers the impact of Risk Rating 2.0 and the changes to flood insurance that are already upon us.

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