skeptical of climate change? Believe THIS
2020 hurricane season is busiest ever recorded, and National Flood Insurance Program faces over $20 billion debt
[
www.cnbc.com]
+The 2020 hurricane season is the busiest season ever recorded, with at least 29 named storms.
+One inch of floodwater can cause up to $25,000 in damage, according to FEMA.
+The National Flood Insurance Program is over $20 billion in debt.
The NFIP is working to make adjustments to its flood rating map in hopes of offering more actuarily priced policies. Risk Rating 2.0 is scheduled to be rolled out in October 2021.