FEMA hit with lawsuit over flood insurance coverage pricing system

A Louisiana parish has sued the Federal Emergency Administration Company (FEMA) over its new pricing system for flood insurance coverage premiums, often called Threat Score 2.0.

The lawsuit, which was filed in federal court docket, claims that the company has denied public document requests made by the St. Charles Parish associated to how charges are being calculated underneath the brand new system.

A press release issued Tuesday revealed that the request was made underneath the Freedom of Data Act final November 2022, because the parish sought info on the mannequin that the company used to find out price hikes.  

Parish president Matthew Jewell stated they had been compelled to file the swimsuit after “exhausting all out there administrative treatments and seeks to require FEMA to adjust to federal legislation.”

“The residents of St. Charles Parish are seeing big spikes in flood insurance coverage charges, and we should know why,” he stated additional. “We deserve transparency on the information getting used to find out these astronomical price will increase.”

“We’re reviewing and have to proceed to evaluation the Threat Score 2.0 given the considerations which have been expressed,” Mayorkas stated in a congressional listening to final week, addressing feedback from the Homeland Safety Committee.

The Division of Homeland Safety oversees FEMA, which is answerable for managing the Nationwide Flood Insurance coverage Program (NFIP).

NOLA.com has reported that FEMA may even see additional authorized motion down the road, as Louisiana Lawyer Common Jeff Landry is alleged to be making ready a separate lawsuit after he had known as the company’s pricing system “arbitrary and capricious.”

What are your ideas on the controversial Threat Score 2.0? Be at liberty to remark beneath.