Concerning NFIP Legislation Introduced in Congress
The legislation to extend the National Flood Insurance Program (NFIP) includes several controversial items, such as capping Write-Your-Own (WYO) compensation at 22.46% of written premiums.
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NFIP Reform Legislation Introduced in the Senate
The three bills introduced today aim at reforming the National Flood Insurance Program (NFIP) with the intention of growing the private market.
Risk Rating 2.0: FEMA Issues October Agent Training Dates
Training webinars for Risk Rating 2.0, FEMA’s new pricing methodology for the National Flood Insurance Program (NFIP), are free for agents.
Congress Poised to Pass Legislation to Extend NFIP
If passed, the legislation would reauthorize the National Flood Insurance Program (NFIP) through Dec. 3.
Risk Rating 2.0 Set to Take Effect
All new policies effective on or after Oct. 1 must be issued under Risk Rating 2.0, FEMA’s new pricing methodology for the National Flood Insurance Program (NFIP).
Crucial Week for Flood Insurance Approaches as Government Shutdown Looms
With Risk Rating 2.0 currently scheduled to be implemented Oct. 1, disagreements in Congress could lead to a government shutdown and a lapse in the National Flood Insurance Program (NFIP).
Big ‘I’ Urges Congress to Extend NFIP
The National Flood Insurance Program (NFIP) is currently scheduled to expire on Sept. 30.
Congress Commences Tumultuous Month as Deadlines Loom
Congress returns this month to deal with a number of issues, including legislation that could see tax increases impacting Big “I” members, as well as reauthorizing critical programs such as the National Flood Insurance Program (NFIP).
AM Best: Commercial Lines Will Face Brunt of Hurricane Ida Losses
Property damage and business interruption losses may contribute more heavily toward overall financial losses, with insured losses estimated to be between $15 billion and $25 billion.
Risk Rating 2.0: FEMA Releases More Guidance Ahead of Implementation
With FEMA’s new pricing methodology for the National Flood Insurance Program (NFIP) to be implemented Oct. 1, use these new resources to prepare for the change.
