We know that the new flood maps have been wrong, needlessly raising our elevations by a foot or more. Causing our flood insurance premiums to rise. But more importantly, the actuary rates on our flood insurance premiums are based on flawed data being supplied by the flood maps. (Garbage in = Garbage out).
What if FEMA’s Actuary Rates are as flawed as the flood maps?
Below is an request from the Florida Dept. of Insurance asking for “BASIC RATE-MAKING DATA concerning the acuary rates;
“The federal government should “collaboratively” share information on flood insurance rates that Florida suspects are unfair, the state’s....