Federal/National News

For an update of the latest disaster declarations: CLICK HERE

For information on Flood Insurance Reform – Rates and Refunds: CLICK HERE

Advisor Update

FEMA Updates for FMA Board: APRIL 2022

• FEMA’s Mitigation Assistance 2021 Year in Review is available. The report provides an overview of activities, accomplishments, and success stories.

In fiscal year 2021 more than $2.35 billion was delivered to states, communities, and tribes reducing disaster risk. • FEMA is coordinating with the U.S. Fish and

Wildlife Service and National Marine Fisheries

Service to develop a Conservation Action Program for the National Flood Insurance Program.

This includes new Community Rating System activities for communities to earn credits for their conservation efforts. More information on program components is online. • Congress extended the National Flood Insurance

Program through September 30, 2022, with the fiscal year 2022 budget. Flood insurance renewals started transitioning updated rates on April 1, 2022.

Detailed information on Risk Rating 2.0 now includes a document on levee data used in the rating process.

New premiums better account for flood risk including home value, with more expensive buildings costing more to insure. Neither the mandatory purchase requirement nor floodplain management aspects are impacted by insurance rating changes.