In response to the coronavirus crisis, FEMA will extend the grace period to renew flood insurance policies from 30 to 120 days, and the USDA has announced flexibilities to help with policies, claims, reporting and payments.
The legislation would significantly weaken the Federal Crop Insurance Program and the critical safety net the program offers. The Big “I,” along with its coalition partners, will continue to advocate for a strong and robust crop insurance program.
The Big “I” opposes these cuts to the FCIP and—along with its crop insurance coalition partners—issued a statement opposing these dangerous reductions.
InsurPac, the Big “I” political action committee, raised nearly $1.2 million during the 2019 calendar year, which made it the largest fundraising year in its history.
Key victories include a huge win giving independent agencies tax relief and a trifecta of Big “I” priorities made into law.
Today, the U.S. Senate passed a legislative package that includes three key priorities for independent agents: Reauthorizing the Terrorism Risk Insurance Act, extending the National Flood Insurance Program and repealing the “Cadillac tax.”
Last week, the Big “I” and other industry groups, sent a letter to the U.S. Department of Agriculture and the acting director of the Office of Management and Budget, urging them to oppose any cuts to the Federal Crop Insurance Program.
The Big “I” supports and continues to advocate for the House to pass legislation to reauthorize the NFIP for five years with reforms.
Earlier today, the U.S. Senate passed government funding legislation that extends the NFIP through Nov. 21. The legislation now heads to the president’s desk where it is expected to be signed into law.
The Big “I” submitted comments to FEMA on its Advanced Notice of Proposed Rulemaking entitled: Revisions to Methodology for Payments to Write Your Own Companies.
