Government Affairs

The bill would require FEMA to publish the formulas used to calculate policyholder mitigation credits under Risk Rating 2.0.

Beginning April 1, all flood policies must be priced under Risk Rating 2.0 at renewal. FEMA is offering new webinars that will focus on renewals under Risk Rating 2.0.

As the April 1 implementation date for all Risk Rating 2.0 renewals approaches, agents should review all communication from their Write Your Own (WYO) companies.

During the conference, independent insurance agents and brokers from across the country will share their perspectives with legislators on issues important to the independent agency system.

As of press time, the U.S. Senate was expected to pass legislation that would fund the government through March 11, 2022, and extend the National Flood Insurance Program (NFIP) for the same period.

At the hearing, there was overwhelming bipartisan support for the Federal Crop Insurance Program (FCIP) and the critical role it plays in farm communities and food security.

The U.S. Senate is expected to take up the legislation in the coming days, which is needed to avoid a government shutdown and a lapse in the NFIP.

The Big “I” is a strong supporter of a robust and reliable FCIP, which is designed to provide certainty for American farmers and communities.

InsurPac, the Big “I” political action committee, remains one of the largest small business PACs in the country and is credited with making the Big “I” one of the most well-respected lobbying associations on Capitol Hill.

The National Flood Insurance Program (NFIP) is scheduled to expire on the same date as government funding, which will expire tomorrow if legislation is not passed.