August 2 2025

Flood Insurance Rate-Setting Method: Overdue for an Update

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Flood Insurance Rate-Setting Method: Overdue for an Update

FEMA’s National Flood Insurance Program (NFIP) was due for a check-up by the U.S. Government Accountability Office (GAO) this spring, and was found lacking. The NFIP program has struggled in its attempts to keep rates affordable, but still be able to pay for losses from catastrophic flooding. In a report released in March, the shortcomings of FEMA were addressed and plans laid out for this issue to be rectified. These plans are sure to affect the current rate-setting methods and may extend alterations upon financial institution flood insurance procedures. [4/26/16]

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Complaints: Why you shouldn’t shun them, but invite them! In this era of exploding complaint volume, this certificated webinar (see instructions in video for how to get your free certificate of completion) takes a look at the risks, evolution, and need for a management strategy to effectively deal with complaints. Before that, we cover what’s hot in compliance, as seen by the editors of Risk InboX. This week’s hot items: 1) HUD cancels Obama era Fair Housing rule; 2) “HMDA” for boards and management; and 3) CFPB has added a new dimension to its complaint database. Click here to watch now.

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