Error

An error occurred while fetching the data.

Error details: Error: INTERNAL_ERROR for 3578946f-6f01-42ed-7ad1-cada5125dfc0: {"response":{"errors":[{"message":"INTERNAL_ERROR for 3578946f-6f01-42ed-7ad1-cada5125dfc0","locations":[{"line":115,"column":7}],"path":["youmightlike"],"extensions":{"classification":"INTERNAL_ERROR"}}],"data":{"articleData":{"uri":"/2021/04/05/fema-rolls-out-long-awaited-changes-to-national-flood-insurance-program/","canonicalUrl":"https://www.globest.com/2021/04/05/fema-rolls-out-long-awaited-changes-to-national-flood-insurance-program/","generatedId":"gdh45gkeel","naturalId":"blogAndPostId/blog/post/304-37118","recombeeId":"304-37118","type":"ARTICLE","postFormat":"news","kickerPresentedBy":{"label":"","value":""},"breadcrumb":[],"presentedBy":"","title":"FEMA Rolls Out Long-Awaited Changes To National Flood Insurance Program","readtime":"2","timeToRead":"2 minute","prettyModified":"","prettyDateTime":"April 05, 2021 at 07:05 AM","needToKnow":[],"byline":"Lynn Pollack","nofollow":false,"showDisclaimer":true,"authors":[{"name":"Lynn Pollack","description":"","imageLarge":"https://secure.gravatar.com/avatar/45223f2a25f5044090bb973ee4f1d6e6?s=136&d=mm&r=g","webUrl":"/author/profile/lynn-pollack/"}],"publication":"Globe Street","kicker":"News","kickerNode":[{"name":"News","slug":"news-kicker","uri":"/news/","sectionName":"News"}],"prettyDate":"April 05, 2021","pubDate":"2021-04-05 07:05:43.000","modifiedDate":"","isDownload":"false","primaryCategory":{"channelName":"","sectionName":"","name":"","uri":"","slug":"","channelUri":""},"tags":[],"image":{"uri":"https://images.globest.com/contrib/content/uploads/sites/304/2019/12/disaster-1-resized.jpg","width":"616","height":"462","alt":""},"embed1":"","embed2":"","summary":"Pricing for the new policies will be more equitably shared, FEMA says.","categories":[],"allCategories":[{"sectionName":"National","channelName":"GlobeSt Market"},{"sectionName":"Washington, DC","channelName":"GlobeSt Market"},{"sectionName":"Multifamily","channelName":"Globest Sectors"},{"sectionName":"News","channelName":"Kicker"},{"sectionName":"Midwest","channelName":"Region"},{"sectionName":"Northeast","channelName":"Region"},{"sectionName":"Southeast","channelName":"Region"},{"sectionName":"Southwest","channelName":"Region"},{"sectionName":"West","channelName":"Region"}],"bodyArray":["<p><span style=\"font-weight: 400\">The Federal Emergency Management Agency is rolling out changes to the National Flood Insurance Program's pricing methodology.</span></p>","<p><span style=\"font-weight: 400\">The new system, dubbed \"</span><span style=\"font-weight: 400\">Risk Rating 2.0—Equity in Action,\" will provide actuarially sound, equitable, and easy-to-understand rates, FEMA says, and updates a methodology that has remained unchanged in five decades. </span></p>","<p><span style=\"font-weight: 400\">The pricing methodology will focus on equitably distributing premiums across all policyholders based on their home's value and the unique flood risk of their property. \"Currently,\" the agency said in a statement, \"many policyholders with lower-value homes are paying more than they should and policyholders with higher-value homes are paying less than they should.\"</span></p>","<div class=\"paywall-content\"><p><span style=\"font-weight: 400\">\"The new pricing methodology is the right thing to do. It mitigates risk, delivers equitable rates and advances the agency's goal to reduce suffering after flooding disasters,\" said David Maurstad, senior executive of FEMA's National Flood Insurance Program, said in a statement. </span></p>","<p><span style=\"font-weight: 400\">The new rates will be rolled out in two phases: new </span><span style=\"font-weight: 400\">policies beginning Oct. 1, 2021 will be subject to the new rating methodology. Also beginning Oct. 1, existing policyholders eligible for renewal will be able to take advantage of immediate decreases in their premiums, FEMA says. In phase two, </span><span style=\"font-weight: 400\">all </span><span style=\"font-weight: 400\">remaining policies renewing on or after April 1, 2022 will be subject to the new ratings.  </span></p>","<p>The National Flood Insurance Program provides about $1.3 trillion in coverage for more than 5 million policyholders in 22,500 areas across the US. The new pricing methodology was developed in coordination with subject matter experts from the US Army Corps of Engineers, US Geological Survey and the National Oceanic and Atmospheric Administration, as well as from the insurance industry and actuarial science sectors.</p>","<p><span style=\"font-weight: 400\">The changes have been much-debated and long-awaited among industry experts, with </span><a href=\"https://www.globest.com/2021/02/23/flood-insurance-rates-may-skyrocket-under-new-model/\"><b>analysts from First Street Foundation estimating earlier this year</b></a><span style=\"font-weight: 400\">—</span><span style=\"font-weight: 400\">prior to last week's announcement</span><span style=\"font-weight: 400\">—</span><span style=\"font-weight: 400\">that hundreds of thousands of homeowners could see their flood insurance rates jump as early as this fall. First Street analysts said in February that in the most flood-prone areas of the US, those rates could more than quadruple, and estimated that premium increases of more than $10,000 are necessary for the insurance on approximately 265,000 homes to match their corresponding level of risk.</span></p></div>"],"slides":[],"video":null},"articlePackages":[],"youmightlike":null,"readnext":{"contents":[{"uri":"/2025/04/28/maturing-loans-push-washington-prime-group-to-accelerate-mall-sell-off/","title":"Maturing Loans Push Washington Prime Group to Accelerate Mall Sell-Off","byline":"Erik Sherman","summary":"About $1 billion in CMBS debt is coming due this year. ","prettyDate":"April 28, 2025","kicker":"Analysis","image":{"uri":"https://k2-prod-alm.s3.us-east-1.amazonaws.com/brightspot/9d/ea/af41f2ff4ed28a607ab2cecc7257/ends-operations-resize-jpeg.jpeg","width":"620","height":"372"},"breadcrumb":[],"primaryCategory":{"name":"","uri":"","channelName":"","channelUri":""},"allCategories":[{"channelName":"GlobeSt Market","sectionName":"National","slug":"national","channelUri":null},{"channelName":"Globest Sectors","sectionName":"Retail","slug":"retail","channelUri":null},{"channelName":"Globest Topics","sectionName":"Capital Markets","slug":"capital-markets-globest-topics","channelUri":null},{"channelName":"Region","sectionName":"Midwest","slug":"midwest-region-globest-markets","channelUri":null},{"channelName":"Kicker","sectionName":"Analysis","slug":"analysis","channelUri":null}]},{"uri":"/2025/04/28/the-million-dollar-starter-home-spreads-beyond-california/","title":"The Million Dollar Starter Home Spreads Beyond California","byline":"Philippa Maister","summary":"Buyers in 233 cities confront the reality of the $1 million base price.","prettyDate":"April 28, 2025","kicker":"Research","image":{"uri":"https://images.globest.com/contrib/content/uploads/sites/296/2021/04/Single-family-homes-Article-202104131331.jpg","width":"620","height":"372"},"breadcrumb":[],"primaryCategory":{"name":"","uri":"","channelName":"","channelUri":""},"allCategories":[{"channelName":"GlobeSt Market","sectionName":"National","slug":"national","channelUri":null},{"channelName":"Globest Sectors","sectionName":"Multifamily","slug":"multifamily","channelUri":null},{"channelName":"Region","sectionName":"Midwest","slug":"midwest-region-globest-markets","channelUri":null},{"channelName":"Kicker","sectionName":"Research","slug":"research-kicker","channelUri":null}]},{"uri":"/2025/04/28/job-growth-no-longer-guarantees-apartment-demand-in-most-us-cities/","title":"Job Growth No Longer Guarantees Apartment Demand in Most U.S. Cities","byline":"Kristen Smithberg","summary":"But there remains some connection between job creation and housing demand.","prettyDate":"April 28, 2025","kicker":"Analysis","image":{"uri":"https://images.globest.com/contrib/content/uploads/sites/296/2019/07/HOUSTON.gif","width":"616","height":"372"},"breadcrumb":[],"primaryCategory":{"name":"","uri":"","channelName":"","channelUri":""},"allCategories":[{"channelName":"Region","sectionName":"Southwest","slug":"southwest-region-globest-markets","channelUri":null},{"channelName":"GlobeSt Market","sectionName":"National","slug":"national","channelUri":null},{"channelName":"Globest Sectors","sectionName":"Multifamily","slug":"multifamily","channelUri":null},{"channelName":"Kicker","sectionName":"Analysis","slug":"analysis","channelUri":null}]},{"uri":"/2025/04/28/multifamily-pipeline-logs-unexpected-bump/","title":"Multifamily Pipeline Logs Unexpected Bump","byline":"Kristen Smithberg","summary":"Although the pipeline has declined, it still contains a large inventory for the next two years.","prettyDate":"April 28, 2025","kicker":"Research","image":{"uri":"https://images.globest.com/contrib/content/uploads/sites/304/2021/03/Construction-resized.jpg","width":"620","height":"372"},"breadcrumb":[],"primaryCategory":{"name":"","uri":"","channelName":"","channelUri":""},"allCategories":[{"channelName":"GlobeSt Market","sectionName":"National","slug":"national","channelUri":null},{"channelName":"Globest Sectors","sectionName":"Multifamily","slug":"multifamily","channelUri":null},{"channelName":"Globest Topics","sectionName":"Development","slug":"development","channelUri":null},{"channelName":"Region","sectionName":"West","slug":"west-region-globest-markets","channelUri":null},{"channelName":"Kicker","sectionName":"Research","slug":"research-kicker","channelUri":null}]},{"uri":"/2025/04/28/housing-boom-in-san-mateo-sparks-debate-over-renter-protections/","title":"Housing Boom in San Mateo Sparks Debate Over Renter Protections","byline":"Jack Rogers","summary":"Groups representing landlords are pushing back against the expansion of protections.","prettyDate":"April 28, 2025","kicker":"News","image":{"uri":"https://k2-prod-alm.s3.us-east-1.amazonaws.com/brightspot/cb/f7/77833743402a801f3439162655d9/modern-apartment-article-202504280913.jpg","width":"620","height":"372"},"breadcrumb":[],"primaryCategory":{"name":"","uri":"","channelName":"","channelUri":""},"allCategories":[{"channelName":"GlobeSt Market","sectionName":"National","slug":"national","channelUri":null},{"channelName":"Globest Sectors","sectionName":"Multifamily","slug":"multifamily","channelUri":null},{"channelName":"Region","sectionName":"West","slug":"west-region-globest-markets","channelUri":null},{"channelName":"Kicker","sectionName":"News","slug":"news-kicker","channelUri":null}]}]},"events":{"events":[{"eventTitle":"GlobeSt. ELITE Women of Influence (WOI) 2025","venueName":"","cleCredit":"no","description":"GlobeSt. Women of Influence Conference celebrates the women who drive the commercial real estate industry forward.","registrationURL":"","docUri":"/data-sources/events/GlobeSt.ELITEWomenofInfluence(WOI)2025:2024-09-03-04:00:33.xml","eventEndDate":"July 22, 2025","eventStartDate":"July 21, 2025","industry":["Real Estate"],"audience":["Conferences","Real Estate"],"city":"Denver","learnMoreLinkFile":"https://www.event.globest.com/WomenOfInfluence","imageUri":"https://assets.swoogo.com/uploads/full/4358074-66d72c273ea79.png","imageUri2":"https://assets.swoogo.com/uploads/full/4358079-66d72c46e3ce4.png","practiceArea":["Diversity","Leadership &amp; Management","Women of Influence"]},{"eventTitle":"GlobeSt. Multifamily Fall 2025","venueName":"","cleCredit":"no","description":"Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!","registrationURL":"","docUri":"/data-sources/events/GlobeSt.MultifamilyFall2025:2025-04-10-04:00:43.xml","eventEndDate":"October 15, 2025","eventStartDate":"October 15, 2025","industry":["Real Estate"],"audience":["Conferences","Real Estate"],"city":"Los Angeles","learnMoreLinkFile":"https://www.event.globest.com/multifamily-fall","imageUri":"","imageUri2":"","practiceArea":["Multifamily"]}],"searchParams":{"estimate":2}}},"extensions":{"DateTime":"2025-04-29T11:18:29.831128879","ResponseTime":"?","AuthorizedUser":false,"AlmContext":"AlmContext{clientIP='10.0.253.254', internalIP='true', origin='', authorizedUser='false', Chinchilla, userAccount='null', UCID=null, ipAccount='null', olyEncId='null'}","NavServiceResponse":{"message":"No Content","action":"show-404","data":"","placResultsPublic":null},"DebuggingData":null,"UsedCache":"true","DataUrl":"http://ml2.alm.com:9216/bff-services/content/get-you-may-like-for-content.xqy?naturalId=/2021/04/05/fema-rolls-out-long-awaited-changes-to-national-flood-insurance-program&site=www.globest.com&total="},"status":200,"headers":{}},"request":{"query":"\n####\n####\n# QUERY\n# ROUTE:/2021/04/05/fema-rolls-out-long-awaited-changes-to-national-flood-insurance-program\n####\n\n\nquery Globest__view_article_no_sitedir{articleData:\n getContent(naturalId: \"/2021/04/05/fema-rolls-out-long-awaited-changes-to-national-flood-insurance-program\", site:\"globest.com\") {\n uri\n canonicalUrl\n generatedId\n naturalId\n recombeeId\n type\n postFormat\n kickerPresentedBy {\n \t\t label\n \t\t value\n \t\t}\n breadcrumb{\n name\n \t\turi\n }\n presentedBy\n title\n readtime\n timeToRead\n prettyModified\n prettyDateTime\n needToKnow\n byline\n nofollow\n showDisclaimer\n authors {\n name\n description\n imageLarge\n webUrl\n }\n publication\n kicker\n kickerNode {\n name\n slug\n uri\n sectionName\n }\n prettyDate\n prettyDateTime\n pubDate\n modifiedDate\n isDownload\n primaryCategory {\n channelName\n sectionName\n name\n uri\n slug\n channelUri\n }\n tags\n image {\n uri\n width\n height\n alt\n }\n embed1\n embed2\n summary\n categories {\n name\n uri\n channelName\n }\n allCategories {\n sectionName\n channelName\n } \n bodyArray\n slides {\n title\n image\n caption\n height\n width\n }\n video\n\n }\n articlePackages:\n getPackagesForArticle(docId: \"/2021/04/05/fema-rolls-out-long-awaited-changes-to-national-flood-insurance-program\", limit: 3, publication:\"globest.com\") {\n title \n slug\n type \n summary\n cssFile\n navigations {\n name\n link\n }\n articles {\n title\n kicker\n uri\n image {\n uri\n }\n }\n\n \n }\n youmightlike:\n getYouMayLikeForContent(naturalId: \"/2021/04/05/fema-rolls-out-long-awaited-changes-to-national-flood-insurance-program\", site:\"globest.com\") {\n uri\n title\n byline\n prettyDate\n readtime\n image {\n uri\n width\n height\n }\n summary\n }\n readnext:\n getStatsList(site:\"globest.com\", topic: \"\", limit: 5, timeframe: \"3days\" ) {\n contents {\n uri\n title\n byline\n summary\n prettyDate\n kicker\n image {\n uri\n width\n height\n }\n breadcrumb{\n name\n \t\turi\n }\n primaryCategory {\n name\n uri\n channelName\n channelUri\n }\n allCategories{\n channelName\n sectionName\n slug\n channelUri\n }\n breadcrumb {\n name\n uri\n }\n }\n\n }\n events:\n getFutureEvents(\n publication: \"GlobeSt\"\n pageSize: 10\n page: 1\n ) {\n events {\n eventTitle\n venueName\n cleCredit\n description\n registrationURL\n docUri\n eventEndDate\n eventStartDate\n industry\n audience\n city\n learnMoreLinkFile\n imageUri\n imageUri2\n practiceArea\n }\n searchParams {\n estimate\n }\n }\n }"}}