Flood Insurance - FEMA's Risk Rating 2.0 Program: Equity in Action
Wednesday, June 23, 3:00pm Eastern
In this FREE public webinar, David Maurstad, FEMA Deputy Associate Administrator for Insurance and Mitigation and senior executive of the National Flood Insurance Program, will provide an overview of FEMA's new pricing methodology, Risk Rating 2.0: Equity in Action. Risk 2.0 leverages industry best practices and cutting-edge technology to enable FEMA to deliver rates that are actuarily sound, equitable, easier to understand and better reflect a property's flood risk. Under the new pricing methodology, FEMA is fixing longstanding inequities in the NFIP's flood insurance pricing and establishing a system that is better equipped for the reality of frequent flooding caused by climate change.
This webinar will not be recorded, be sure you register and attend the live session.
New Registration Procedure: All SILA Members, to earn SILA designation credit, be sure to log into your SILA account when registering. Non-Members are also able to register on SILA without logging in.
David Maurstad, is FEMA Deputy Associate Administrator for Insurance and Mitigation senior executive of the National Flood Insurance Program. David is highly regarded for his transformative leadership in communicating disaster risk, closing the insurance gap and incentivizing mitigation actions against varied natural hazards with the primary goal of reducing disaster suffering for all communities.
A veteran emergency manager, Mr. Maurstad currently serves as the Deputy Associate Administrator of FEMA's Insurance and Mitigation Administration and senior executive of the NFIP, the world's largest single-peril insurance operation providing over $1.3 trillion in Flood coverage to over 5 million U.S. policyholders. Mr. Maurstad skillfully navigated his team through the unprecedented COVID-19 pandemic, historic 2020 hurricane season and hundreds of high-profile disaster operations in his current role and in past leadership positions.
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