EMA Seeks Feedback on NFIP Revisions to Payment Methodology

On July 8, FEMA published an Advanced Notice of Proposed Rulemaking in the Federal Register (Notice) entitled “Revisions to Methodology for Payments to Write Your Own (WYO) Companies.

In the notice, FEMA outlines the current Write Your Own payment methodology, which provides historical documentation of actual payment amounts. Additionally, this notice porposes methodologies consistent with the Biggert-Waters Flood Insurance Reform Act of 2012’s requirement to modernize means of payment to private insurance companies.

All comments on this notice must be submitted by September 6.

Comments may be submitted online or by mail to:

Federal Emergency Management Agency

Regulatory Affairs Division, Office of Chief Counsel

Room 8NE, 500 C Street SW, Washington, DC 20472