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#floodinsurance

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Timo

@john @augieray FEMA has made progress making the flood insurance system more equitable in 2022. It's called Risk Rating 2.0, but it is causing a lot of controversy in FLA as some people can't afford their new higher rates. #FEMA #FloodInsurance
nar.realtor/flood-insurance/na
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CelloMom On Cars

"Reeling from four hurricanes in 2020 & 2021 that caused $23 billion in damage, #Louisiana is undergoing an #insurance calamity that is harming the state’s economy and even reducing its population."

“If you look at where the costs end up, some monstrous proportion of the city would be unable to reasonably afford #FloodInsurance,” said Feldbaum. “And not by a small margin, but where it's just completely beyond the average households’ ability to pay the average #premium.”

bloomberg.com/news/articles/20

Bloomberg · Louisiana Insurance Market In Crisis From Climate-Fueled StormsBy Leslie Kaufman
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