FEMA is Changing How They Assess Flood Risk

The current rating system for assessing properties’ flood risk is outdated and may not fully reflect the actual danger level for individual homes and communities, David Maurstad, deputy associate administrator for insurance and mitigation at the Federal Emergency Management Agency, told attendees Friday at the REALTORS® Conference & Expo in San Francisco.

FEMA has been developing a new system, Risk Rating 2.0, which would represent the first time flood risk assessments have been update since the 1970s.  Read more HERE.