On April 1, 2021, the Federal Emergency Management Agency (FEMA) released an official announcement (Release Number HQ-21-079) and Memorandum for Write Your Own (WYO) Principal Coordinators and the National Flood Insurance Program (NFIP) Direct Serving Agent (W-21003) outlining plans for implementing its new NFIP rating system known as Risk Rating 2.0 described by FEMA as “Equity in Action.” The press release, memo to NFIP insurers, and a graphic depicting the national impacts of the new premium system are available on the Risk Rating page on FEMA’s website.
