An April 2023 FEMA risk rating raised U.S. flood insurance rates, and some affected states are pushing back. To help you understand what is going on and what we expect to happen in the future, our highly-experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts (Get a free issue of The Kiplinger Letter or subscribe). You'll get all the latest news first by subscribing, but we will publish many (but not all) of the forecasts a few days afterward online. Here’s the latest...
At least 10 states are challenging higher federal flood insurance rates. The list: Florida, Idaho, Kentucky, Louisiana, Mississippi, Montana, North Dakota, South Carolina, Texas and Virginia. Along with dozens of municipalities, they are suing the Biden administration over the Federal Emergency Management Agency’s Risk Rating 2.0 pricing plan, which went into effect in April.
