Leaders from the National Association of Realtors (NAR) recently met with National Flood Insurance Program (NFIP) Chief Executive David Maurstad to discuss the release of a new federal flood insurance rate structure.
The Risk Rating 2.0 initiative was designed by the Federal Emergency Management Association to modernize NFIP’s insurance pricing methodology and more accurately tie its rates to the flood risks of individual properties. Read on for details from NAR.
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