Neptune Flood says USD 2.6 billion in NFIP subsidies persist five years into Risk Rating 2.0

• Neptune Insurance Holdings Inc. analysis of FEMA data found NFIP underpricing of about USD 2.6 billion a year persists five years into Risk Rating 2.0.
• More than half of NFIP policies now price at full risk, up from one-third in December 2022.
• About 1,500,000 policyholders, 42% of the program, still pay below full-risk rates under the model.
• An 18% annual rate cap implies another USD 10-13 billion of subsidies before the gap closes in the late 2030s.
• Subsidies are concentrated in Florida at 48%, about USD 1.2 billion per year.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Neptune Insurance Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260909824209) on September 09, 2026, and is solely responsible for the information contained therein.