“As NFIP rates become more aligned with principles of risk-based pricing, some policyholders’ prices are expected to fall, while many are going to rise.”

Source: https://www.insurancejournal.com/news/national/2023/08/21/736122.htm

For decades, NFIP was practically the only source for flood insurance.

Source: https://www.insurancejournal.com/news/national/2023/11/14/748090.htm

If the NFIP continues to function as it historically has, with flood damages becoming more and more costly, the obvious prediction is that the program will go further into debt, ultimately causing U.S. taxpayers to foot the bill.

Source: https://www.insurancejournal.com/blogs/agentsync/2023/03/06/709845.htm

The new system has lowered prices for about 20 percent of NFIP customers, but it’s also led to massive rate increases for coastal homeowners who had been paying subsidized prices in states like Florida and Louisiana.

Source: https://grist.org/extreme-weather/fema-nfip-flood-insurance-lawsuit-louisiana-oregon/

This new provision required specific homeowners to buy NFIP policies based on their home’s location in a Special Flood Hazard Area (SFHA) and the involvement of any federal-backed or federally regulated mortgage lenders.

Source: https://www.insurancejournal.com/blogs/agentsync/2023/03/06/709845.htm