FEMA Delays Changes to Flood Rates

Risk Rating 2.0 initiative delayed one year.
November 13, 2019

The Federal Emergency Management Agency (FEMA) will delay changes to flood insurance rates for a year. FEMA says its Risk Rating 2.0 initiative will be implemented on Oct. 1, 2021, instead of Oct. 1, 2020. The delay will avoid a potential sharp increase in rates for homeowners ahead of the 2020 elections. FEMA says the delay will also allow it to conduct a more thorough analysis of the proposed rating structure.

The changes to the program are designed to provide a more accurate picture of risks that individual properties face. As a result, these changes would likely result in higher flood insurance rates for some homeowners and lower rates for others.


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