SULA: WDSU TV IS EMBARKING OA N NEW YEAR-LONG INITIATIVE CALLED FORECASTING OUR FUTURE. WE WILL BE DOING A SERIES OF REPORTS ON THE CHANGING CLIMATE AND HOW IT AFFECTS OUR COMMUNITY. AND THOSE IMPACTS CAN BE PERSONAL AND PROFOD.UN GINA: AFTER TWO BRUTAL HURRICEAN SEASONS IN A ROW, SOME INSURERS ARE PULLING OUT OF LOUISIANA AND PREMIUMS MAY GO UP FOR SOME. IN A DOUBLGUE T-PUNCH, STATE LEADERS AND INDUSTRY PROFESSIONALS SAY THE FEMA'S NEW FORMULA FOR DECIDING WHAT YOU PAY FOR FLOOD INSURANCE IS A CAUSE RFO CONCERN. THEY TELL INVESTIGATIVE REPORTER EMILY LA, AT THE VERY LEAST, MANY FAMILIES WILL HAVTOE REBUDGET. AT WORST, ITS IMPACT COULD LEAD TO FEWER OPTIONS FOR AFFORDABLE HOUSING AND THREATEN DEVELOPMEN MISTY: WHEN I OPENED THE EMAIL AND I SAW THE AMOUNTS, I MN,EA MY HEART LITERALLY JTUS FELL. EMILY: MISTY GUIDRY LIVES OUTSIDE HOUMA, IN GIPSON, AND SAYS HER HOME HAS NEVER FLOODED BUT SHE KNOWS HER FAMILY WILL HAVE TO REBUDGET IF THEY WANT FLOOD SURANCIN MISTY: I GOT HOME STRESSING OUT TELLING MY HUSBAND, OH, MY GOD, WHAT ARE WE GOING TO DO? THIS IS AN EXTRA $400 TO $5 A00 MONTH. EMILY: HER RATE WILL BE BEDAS ON RISK RATING 2.0. FE'SMA NEW WAY OF CALCULATING PREMIUMS FOR THE NATIONAL FLOOD INSURANCE PROGRAM. MOST ACROSS THE COUNTRY WIEELL S RATES SHRINK, BUT EXPERTS SAY COASTAL AREAS LIKE OURS WILLE B HIT HART. THE NEW RATES WENT LIVE IN OCTOBER, BUT HOMEOWNERS WHO ALREADY HAVE A FLOOD POLICY WON'T REALIZE THE IMPACT UNTIL POLICY RENEWALS ITHN SPRING. SETONA CASSIDY: FOR SOME, IT COULD BE UNAFFORDABLE AND CO LLAPSE THE VALUE OF THREI HOME. EMILY: SENATOR CASSIDY SAYS THAT HE WTSAN ANSWERS FROM FEMA BUT SAYS HE HAS GOTTEN F.EW FOR CURRENT POLICYHOLDERS THE HIKES WILL BE GRADUAL, AN 18% INCREASE EACH YEAR. THE FINAL RATE IS WHAT SOME SAY COULD EVENTUALLY PRICE SOME OUT OF THEIR HOMES. CRAIG: IT'S A SCARY THING FOR THE REAL ESTATE INDUST.RY EMILY: CRIAG MIRAELMBL OWNS MIRAMBELL REALTY IN OLD METAIRIE. HE SAYS IT'S ALREADY IMPACTI NG BUYERS' DECISIONS, WITH SOME LOWERING PRICES TO MAKE UP F OR HIGH PREMIUMS, AND OTHERS LOOKING AT POSSIBLY SELLING AT A LO.SS CRAIG: IF YOU CAN'T MAKE THESE PAYMENTS OVER MONTHS, THERE MIGHT BE FORECLOSURES BECAUSE OF THE FLOOD RISK MAP 2.0. EMILY: SOOW H EXPECTLY IS 2.0 IS DIFFERENT? >> THE ALGORITHM THAT CALCULATES IT IS PROPRIETARY. THEY WON'T TELL US HOW THEY COME UP WITH THESE NUMBS.ER EMILY: BUBRIG INSURANCE OWNER BILL BUBRIG'S CONCERN IS ECHOED BY CASSIDY AND GOVERNOR JOHN BEL EDWARDS, WITH EDWARDS ADDING THAT THE STATE'S INVESTMENTS IN LEVEES NEED TO BE ADEQUATE TAKEN INTO ACCOUNT. BOTH SENT LETTERS TO FEMA ASNGKI HOW FACTORS ARE WEIGHTED TO MECO UP WITH THE RATE SO HOMEOWNERS CAN ADJUST BASED ON THOSE SPS.EC ONE FACTOR WE DO KNOW IS UDSE IS HOW CLOSE HOMES ARE TO WATER, EVEN IF THEY HAVE LEVEES AND NO HISTORY OF FLOODING. FEMA DOES HAVE SUGGESTNIO TO DECREASE DAMAGE. INCREASING THE HOMESS ELEVATION AND BUILDING CRAWLSPACES AND FLOOD OPENGSIN WHICH HELP DRAIN FLOODWATERS. AS FAR AS THE QUESTION OF HIGH RATE HIKES WILL GO, HIS HOME. >> WE BUILT TO COMPLIANCE, TOLD US TO WHAT FEMA TOLD USO T BUILD TO. WITH RISK 2.0, WE HAVE HIT WITH RATES IN EXCESS OF $8,000 I S WHAT THEY'RE CALCULATING OUR ACTUARY RATE WLIL BE. EMILY: A HEOM HASOT N FLOODED SINCE HE BUILT IT 25 YEARS AGO. BECAUSE HIS MORTGAGE IS PAID AND HE'S NOT FORCED TO, HLLE' FORGO FLOOD INSURANCE WHICH MAKES IT WONDER HOW FINANCIALLY SOUNDT I WILL BE. >> ON ARGON BOULEVARD IN NEW ORLEANS,OU GO FROM $572 TO $2,100. PIKE ROADN I METAIRIE, TO $2,4. LAKE KALKA C. EMILY: DIDAV MAUTADRS SAYS IT STOPS RATES OF LOWER VALUE AND LESS RISKY HOMES FROM SUBSIDIZING RISKIER, PRIERCI HOMES. BUT CASSIDY AND OTHERS SAY THE NEW VERSION WILL HURT MIDDLEND A WORKING-CLASS HOMEOWNERS INUR O AREA. AND RENTERS WHO ABSORBHE T HIKES. MISTY: IT'S REALLY SAD TO KNOW WHAT WILL HAPPEN TO PEOPLE AROUND TSHI AREA. EMILY: FOR WUDS INVESTIGATES, I'M IMLYAN LE. SULA: EMILY, THANKS. WE SPOKE TO ETH C.E.O. ABOUT THE RISK RATGIN 2.0. HE ASKED HOMEOWNSER TO LIST THOSE CONCERNS TO THE AGENCY. THEY'LL PUSH FEMA TO CHANGE. TO S