Louisiana has long been familiar with the challenges of flooding. With extensive expertise in flood management and a history of proactive measures to protect its communities, the state knows how to reduce flood risk and safeguard its residents. However, recent changes in the Federal Emergency Management Agency’s (FEMA) flood insurance policies have sent shockwaves through the state, impacting homeowners, small businesses, and communities. In this blog post, we delve into the issue of FEMA Risk Rating 2.0 and provide an update on the progress of the parishes’ ongoing lawsuit against it.

The Storm Begins: FEMA Risk Rating 2.0
FEMA introduced Risk Rating 2.0, also known as “Equity in Action,” as a new pricing plan for flood insurance. The agency claimed that this plan would make flood insurance premiums more equitable and reflective of actual flood risk. Unfortunately, the implementation of Risk Rating 2.0 resulted in significant and sudden increases in flood insurance costs, particularly in coastal states like Louisiana.