Politics FEMA unveils new flood insurance calculation it says will be more equitable
Schumer kicks into reelection mode
Senate Majority Leader Charles Schumer (D-N.Y.) isn't leaving anything to chance as he heads into his 2022 reelection campaign. Schumer won his fourth Senate term in 2016 with 70 percent of the vote, but 19 months out from Election Day he's already working all-out like a freshman senator in a battleground state.After a grueling five-week work period during which Congress passed President Biden's $1.9 trillion American Rescue Plan and wrapped up work on filling his Cabinet - a busy stretch that came on the heels of former President Trump's second impeachment trial - Schumer might feel like he's earned a little downtime.
The Federal Emergency Management Agency (FEMA) on Thursday unveiled changes to the National Flood Insurance Program that it says will be aimed at being more equitable.
A fact sheet from the agency said that it will be able to do this by calculating premiums based on home value and flood risk, with more expensive homes potentially costing more to insure.
The agency said that currently people with lower-valued homes are "paying more than their share of the risk" while those with higher-value homes are paying "less than their share."
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Gun violence prevention advocates are rallying behind these state and local-level initiatives that don't count on major action from the federal government. 1. Protecting home rule from state preemptionSince the 1980s, the NRA has been lobbying state legislatures to strip cities and counties of the authority to enact their own municipal gun ordinances. This type of legislation is called preemption, and it’s pervasive—there are now broad firearms preemption laws in 43 states.
The agency said that under its "Risk Rating 2.0" methodology, 23 percent of policyholders will see their premiums decrease. Sixty-six percent will see increases of up to $10 per month; 7 percent will see increases of between $10 and $20; and 4 percent will see greater increases.
The fact sheet noted that currently, policyholders see average increases of $8 per month.
"We are putting equity at the forefront of our work at DHS and making reforms to help our nation confront the pressing challenges caused by climate change," said Homeland Security Secretary Alejandro Mayorkas in a statement.
"Risk Rating 2.0 advances those goals by fixing longstanding inequities in flood insurance pricing and creating a system that is better equipped for the reality of frequent flooding caused by climate change. These updates will improve individual and community resilience, reduce disaster related suffering, and ensure fairness," he added.
Changes to the federal flood insurance program by some Democratic lawmakers over fears it would raise premiums for their constituents.
The changes will go into effect for new policies on Oct. 1 and for renewals on April 1, 2022. FEMA said that policyholders who are slated to see decreases and are up for renewal can also take advantage of that starting Oct 1.
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SDM, a 92i label rookie, reveals his first "Ocho" project © Frederic de Pontcharra SDM comes out his first album, Ocho Portrait - SDM, young recruit of the 92i label, unveils his first project "Ocho" hard worker and passionate music, the rapper from Clamart (92), unveils, this Friday 9 April his First project entitled Ocho, with reference to the "100-8 = 92" ( Hauts-de-Seine ) initiated by Booba . And the wink is not innocent.