I USUALLY USE THIS SPACE TO talk about the great things we are doing and what is happening in the industry, however, this time I am going to talk about something that I know resonates with everyone.
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Risk Rating 2.0, FEMA’s new pricing methodology for the NFIP has been in place since Oct. 1, 2021. However, there is a significant change in agent responsibilities beginning with policies renewing on or after April 1, 2022
Neptune sent out an email recently explaining that NFIP estimates that 77% of policyholders will see a premium increase.