Judicial Review · Economy·April 1, 2024
Judge refuses to block FEMA flood insurance overhaul
Agency failed to analyze 18% premium increases for 5 million coastal homeowners
U.S. District Judge Darrel James Papillion denied the plaintiffs' request for a preliminary injunction on Apr. 1, 2024 in a 56-page ruling.
FEMA's Risk Rating 2.0 methodology was fully implemented on Apr. 1, 2023.
The National Flood Insurance Program insures roughly 5 million policies nationwide; that figure is programwide, not limited to coastal homeowners.
Reporting of the rollout noted an up-to-18% annual limit on some premium increases during initial years, not an '18% average' across all policyholders.
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