Sens. Wicker, Hyde-Smith Introduce Bill to Protect Flood Insurance Policyholders
The Homeowner Flood Insurance Transparency and Protection Act would allow NFIP policyholders to retain existing premium rates rather than being forced into new NFIP Risk Rating 2.0 (RR2.0) rates until
"Many
"
The legislation is intended to protect policyholders while forcing
* Public notice and comment
* Established policyholder premium appeals process
* Economic impact analysis
* Independent peer review
* Assurance of data reliability
In addition to Wicker,
Click here (https://www.hydesmith.senate.gov/sites/default/files/2022-03/Homeowner%20Flood%20Insurance%20Transparency%20and%20Protection%20Act%20Summary.pdf) for a bill summary.
Sen. Rubio, Colleagues Introduce Bill to Protect Flood Insurance Policyholders
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