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Tag Archives: FEMA’s New Rate-Setting Methodology Improves Actuarial Soundness but Highlights Need for Broader Program Reform

GAO Issues Analysis of FEMA’s Risk Rating 2.0

August 1, 2023

In a new report measuring the effectiveness of Risk Rating 2.0, the GAO focused on the actuarial soundness of the program, how premiums are impacted, affordability concerns for policyholders, and implications for the private market.