NFIP Updates2021-08-19T12:45:03-05:00


We’ll keep you up to date on all the latest NFIP news, be sure to visit often for the latest information.

04/01/2021 – NFIP Releases Risk Rating 2.0 Information2021-04-16T14:41:55-05:00

NFIP Releases Risk Rating 2.0 Information

WASHINGTON – FEMA is updating the National Flood Insurance Program’s pricing methodology to communicate flood risk more clearly, so policyholders can make more informed decisions on the purchase of adequate insurance and on mitigation actions to protect against the perils of flooding. Click here to read the full release.

09/30/2020 – NFIP Granted Extension Through September 30, 20212020-10-02T22:28:27-05:00

NFIP Granted Extension Through September 30, 2021

WASHINGTON – With the NFIP Authority set to expire at midnight, September 30, 2020, the House and Senate extended the NFIP Authority through September 31, 2020 as part of HR 8337. The President signed the bill which continues the current authority and contains no reforms to the NFIP at this time.

09/10/2020 – NFS addresses the top 5 questions regarding 2020 NFIP Reauthorization2020-09-11T00:24:55-05:00

NFS addresses the top 5 questions regarding NFIP Reauthorization

September 10, 2020

Congress returned from recess on September 8, leaving only 12 legislative days until the current NFIP authorization ends. Cynthia DiVincenti — NFS Head of Government Relations addresses the Top 5 questions about NFIP Reauthorizaiton and how a lapse could impact your daily business.

04/02/2020 – FEMA issues Remote Claims Adjusting Guidance2020-04-08T14:19:16-05:00

FEMA Issues Remote Claims Adjusting Guidance

WASHINGTON – FEMA has adjusted their claims adjusting policy to allow virtual adjusting as part of Bulletin W-20004.  NFS played an instrumental role in advocating for this change and we are delighted to see FEMA proceed with the recommendations we put forward.

The new policy is a welcome solution as we enter flood season amidst the uncertainty that Covid-19 creates.  It is critical for NFS and our clients that we provide a customer-centric solution that keeps everyone safe during this unprecedented pandemic.  We fully believe that virtual adjusting helps achieve that goal; supporting all our efforts to limit the spread of the disease while also enabling a more effective disaster planning and recovery.

03/28/2020 – FEMA Extends Renewal Payment Grace Period from 30 to 120 days2020-03-31T14:50:43-05:00

FEMA Extends Renewal Payment Grace Period from 30 to 120 days

WASHINGTON – FEMA has advised that they are extending the renewal premium payment grace period from 30 to 120 days.

We are entering flood season in unprecedented times as the Coronavirus continues to create uncertainty for us all.  To help serve NFIP customers facing financial hardships, FEMA is taking proactive steps to support policy-holders during a time that many are experiencing financial hardships related to the current health crisis.

The extension allows policyholders additional time to pay their flood insurance premiums while ensuring their policies are not cancelled for nonpayment of premium.

National Flood Services will continue to operate in compliance with FEMA directives and will provide updates as additional information becomes available.

11/07/2019 – Risk Rating 2.0 Delayed Until October 20212019-11-08T14:20:24-06:00

FEMA Defers the Implementation of Risk Rating 2.0

WASHINGTON – FEMA is focused on building a culture of preparedness by closing the insurance gap so that individuals and communities recover faster and more fully after a natural disaster.

Earlier this year, FEMA announced Risk Rating 2.0 as an initiative to deliver flood insurance rates that people trust, value, and are less complex to navigate. Knowing the true risk of one’s property is critical to ensure adequate insurance coverage and claim payments after a flood, as well as to inform appropriate mitigation measures property owners can take to ultimately reduce their risk. While the agency initially announced that new rates for all single-family homes would go into effect nationwide on October 1, 2020, some additional time is required to conduct a comprehensive analysis of the proposed rating structure so as to protect policyholders and minimize any unintentional negative effects of the transition. Therefore, FEMA decided to defer the implementation of Risk Rating 2.0 by one year to October 1, 2021. Additionally, this extension allows for all National Flood Insurance Program (NFIP) policies – including, single-family homes, multi-unit and commercial properties – to changeover to the new rating system at one time instead of a phased approach, as originally proposed.

Over the course of the next year, FEMA will continue to actively engage with Congress and other key stakeholders to ensure transparency and visibility as we work to transform the NFIP.

NFIP Cliff Notes

Resources: Risk Rating 2.0 Equity in Action
Published: June 2021
Our Risk Rating 2.0 resource center has educational resources like:

  • FAQs
  • What is changing
  • What is not changing
  • Factors that impact rating
NFIP document icon

Bulletin: Risk Rating 2.0 Equity in Action
Published: April 2021
FEMA’s bulletin communicating the changes coming with Risk Rating 2.0

NFIP document icon

Bulletin: Legacy Rating Plan Program Changes Effective October 1, 2021
Published: April 2021
FEMA’s bulletin communicating the legacy rating plan program changes effective October 1, 2021


Fact Sheet: Risk Rating 2.0 Equity in Action
Published: April 2021
FEMA’s fact sheet communicating the changes coming with Risk Rating 2.0

National Flood Services April 2020 ebook

Making Sense of April 2020 Changes
Published: Thursday, November 21, 2019

Provides an easy to understand breakdown of all NFIP changes beginning April 2020. Including:

  • Primary Residence Documentation Requirements
  • Non-Residential Floodproofing Premium Credit
  • Premium Increases
  • Changes effective January 1, 2021
National Flood Services making sense of flood insurance for commercial properties

Making Sense of Flood Insurance for Commercial Properties

We make it easy to understand flood insurance for commercial properties by covering topics like:

  • Building classifications
  • The NFIP General Property Form
  • Commercial Tenants Coverage
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