How to add predictive analytics into your risk program. Risk reports are often limited to historical insights and issues and do not provide guidance and insights into the future of the organization. Adding predictive analytics can allow your organization to detect emerging risks and create mitigation plans. This can be achieved by combining internal and external key risk indicators (KRIs) and key performance indicators (KPIs) with regulatory intelligence. This ensures that risk reports can detect more issues and highlight areas of concern. Click here to learn more.
FEMA suspending communities in two states on Friday
The Federal Emergency Management Agency has published [84 FR 49676] a notice in this morning's Federal Register identifying communities in Alaska and Mississippi that are scheduled for suspension from the National Flood Insurance Program on Friday, September 27, 2019, for noncompliance with the floodplain management requirements of the program. The affected communities are:
- AK: Matanuska-Susitna Borough
- MS: Picayune, Poplarville, and unincorporated areas of Hancock and Pearl River Counties
Lenders should verify the status of the identified communities, because they may adopt and submit the required documentation of legally enforceable floodplain management measures prior to the scheduled suspension date.