Examples of Risk Rating in a sentence
Third, we recommend increasing funding for the flood insurance program to account for the slated increase in insurance premiums due to FEMA’s Risk Rating 2.0 and, hopefully, secure implementation of our recommended 2-tiered, 2-years long program in place of the currently proposed one-year long program.
These were not considered exceptions.Original PD Score (Original Risk Rating) Scoreband in CRS System.For Selected Student Loans #48 and #145, the Company informed us that they overrode the risk rating of these two borrowers based on a pre-approved exception of being in the Top 20 MBA schools.
We compared the Risk Rating (Hubble 9) to the Scoreband in the “Override” section of the CRS System and identified that the reason stated in the CRS System was “MBA, Top 20 schools.” These were not considered exceptions.
Considering flood insurance may be a new expense for grantees and will likely be more expensive than it ever has been given Risk Rating 2.0, many grantees may need more time, assistance, or both to maintain flood insurance.
Table 3: Risk Rating by Criterion CriterionSource: Generated by OIG from an analysis of information and documentation associated with the Department’s grant and cooperative agreement closeout process.