Report: Over half of R.I. policyholders of national flood insurance will see premiums rise under FEMA 2.0

OVER HALF OF Rhode Island property owners with national flood insurance will see their premiums increase slightly under changes to the Federal Emergency Management Agency program coming Oct. 1, according to projections by Quote Wizard. / PBN FILE PHOTO/BRIAN MCDONALD
PROVIDENCE – Over half of Rhode Island property owners with national flood insurance will see their annual premiums increase under changes to the Federal Emergency Management Agency program, according to projections from insurance research company QuoteWizard LLC.  FEMA’s Risk Rating 2.0, expected to take effect beginning Oct. 1, overhauls the 50-year-old National Flood Insurance Program …

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