Approximately 85,000 homeowners in the Great Lakes region will see rate reductions for the first time because of the National Flood Insurance Program’s new risk rating system, experts say.
The flood insurance program is managed by the Federal Emergency Management Agency. It provides coverage to property owners, renters and businesses to help them recover from floods faster.
Great Lakes Now
https://www.greatlakesnow.org/2021/12/flood-risk-assessment-reduce-insurance-rates/