Government Affairs

At press time, the U.S. House of Representatives is expected to try to pass a two-week extension of the NFIP, which is currently scheduled to expire at midnight tomorrow, May 31.

The U.S. Senate must act on H.R. 2578 to make sure the NFIP does not lapse at the end of the month.

The Big “I” presents the Legislator of the Year Award annually to a member of Congress who provides outstanding leadership on insurance issues.

The NFIP is set to expire on May 31, barring action by Congress. This week, the Big “I” joined a group of 18 organizations in sending a letter to congressional leadership urging them to reauthorize the program.

This week, the Big “I” joined a diverse range of partners and stakeholders in sending a letter urging Congress to maintain appropriated funding for FEMA’s Flood Hazard Mapping and Risk Analysis Program.

On Monday, FEMA issued a bulletin stating that consumers cannot receive a refund for unearned premiums if they cancel a NFIP policy mid-term in favor of a private policy.

On Monday, FEMA announced significant changes to the way the NFIP will charge homeowners for flood insurance risks.

On Wednesday, Chris Heidrick, chair of the Big “I” Flood Insurance Task Force, testified before the U.S. House of Representatives Financial Services Committee on reauthorization of the NFIP.

The budget proposal includes $26 billion in cuts to the FCIP and proposed means-testing for the NFIP.

Earlier this week, the Big “I” joined a long list of insurance, commodity, farm, environmental and lending groups in sending two letters opposing cuts to the Federal Crop Insurance Program during this year’s budget process.