Florida Insurance Commissioner Requests National Flood Insurance Program Rate Information
Oct 2, 2015
Florida Insurance Commissioner Kevin McCarty sent a letter to Federal Emergency Management Agency (“FEMA”) Administrator Craig Fugate today, October 2, 2015, asking him to work collaboratively with the Florida Office of Insurance Regulation (“OIR”) by providing specific information on the National Flood Insurance Program’s (“NFIP’s”) rates by December 15, 2015.
The letter to FEMA includes a supplemental document entitled the “NFIP Rate Support Data Request,” which outlines the basic ratemaking data requested by the OIR.
The information is expected to enable the OIR to address concerns raised by Florida Senator Jeff Brandes on behalf of his constituents in a letter sent to Commissioner McCarty on August 12, 2015.
To today’s letter to Craig Fugate from Commissioner McCarty, click here.
To view Senator Brandes’ August 12, 2015 letter to the OIR, click here.
To view the OIR’s August 14, 2015 response to Senator Brandes, click here.
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