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INDUSTRY NEWS

CRS Class Changes: FEMA's Bulletin w-20007

FEMA has issued bulletin w-20007 to communicate changes to the Community Rating System (CRS) classifications for communities that will take effect on October 1, 2020. The changes have implications for premium discounts afforded to NFIP policyholders based upon their respective communities' efforts to meet FEMA's recommended standards for mitigating flood risk.