Risk Rating 2.0

GPTKB entity

Statements (22)
Predicate Object
gptkbp:instanceOf insurance rating system
gptkbp:affects flood insurance premiums
gptkbp:appliesTo residential properties
commercial properties
policyholders in the United States
gptkbp:considers cost to rebuild
distance to water
flood frequency
property characteristics
gptkbp:criticizedFor potential premium increases
gptkbp:developedBy gptkb:Federal_Emergency_Management_Agency
https://www.w3.org/2000/01/rdf-schema#label Risk Rating 2.0
gptkbp:implementedIn gptkb:FEMA
gptkbp:introducedIn 2021
gptkbp:praisedFor more equitable pricing
gptkbp:purpose to more accurately price flood insurance
gptkbp:relatedTo climate change adaptation
flood risk assessment
gptkbp:replacedBy legacy rating system
gptkbp:usedFor gptkb:National_Flood_Insurance_Program
gptkbp:bfsParent gptkb:National_Flood_Insurance_Program
gptkbp:bfsLayer 5