Search Results for keywords:"Insurance Premium Rates"

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Search Results: keywords:"Insurance Premium Rates"

  • Type:Notice
    Citation:86 FR 5233
    Reading Time:about 2 minutes

    The Federal Emergency Management Agency (FEMA) has finalized flood hazard determinations for various communities, which include changes to flood maps and insurance studies. These updated maps and reports are crucial for communities to manage floodplain areas and for determining proper flood insurance rates. Communities must adopt these measures to participate in FEMA's National Flood Insurance Program. The adjustments will take effect on May 4, 2021, and the new information is accessible online through FEMA's Map Service Center.

    Simple Explanation

    FEMA has made new maps to show areas where floods are likely to happen in certain communities. These maps help towns plan for flooding and help people understand how much flood insurance might cost.

  • Type:Notice
    Citation:86 FR 2431
    Reading Time:about 3 minutes

    The Federal Emergency Management Agency (FEMA) is seeking public comments on proposed flood hazard determinations. These determinations involve potential changes to flood elevations and flood zone designations, which are shown on the Flood Insurance Rate Maps (FIRMs) and described in the Flood Insurance Study (FIS) reports. The updated information will impact floodplain management and help calculate flood insurance rates for new buildings. Communities can review the preliminary determinations online and submit comments or appeals by the specified deadline.

    Simple Explanation

    FEMA wants to know what people think about possible changes to maps that show where flooding might happen. This helps decide how much people should pay for flood insurance on new buildings.

  • Type:Notice
    Citation:86 FR 6899
    Reading Time:about 2 minutes

    The Federal Emergency Management Agency (FEMA) has finalized flood hazard determinations, including changes to Base Flood Elevations and Special Flood Hazard Areas, for various communities. These updates are reflected in the Flood Insurance Rate Maps (FIRMs) and Flood Insurance Study (FIS) reports, which help communities manage flood risks and qualify for the National Flood Insurance Program. The new maps will be available online by May 18, 2021, and are used by insurance agents to set flood insurance premiums. Affected property owners can review the new maps online or at local community offices.

    Simple Explanation

    FEMA has made new flood maps to show which areas might get flooded and how high the water might go, helping towns and insurance people prepare. People can look at these maps online or at local offices.

  • Type:Notice
    Citation:86 FR 5230
    Reading Time:about 3 minutes

    The Federal Emergency Management Agency (FEMA) is announcing updates to flood hazard determinations for certain communities. These changes involve adjustments to Base Flood Elevations (BFEs), Special Flood Hazard Areas (SFHAs), and regulatory floodways on official maps because of new scientific data. These updates will affect flood insurance rates and are reflected in the revised Flood Insurance Rate Maps (FIRMs) and Flood Insurance Study (FIS) reports. Community members have 90 days from the notice in local newspapers to request reconsideration of these changes.

    Simple Explanation

    FEMA has changed some rules about which areas can flood, and this might change how much people pay for flood insurance. People in these areas can ask for changes if they don't agree with the new rules.