From the Front Lines: Flood
“Don’t assume your area won’t flood,” says independent agent Danny Cook, who guided his community through catastrophic flooding twice in 23 months. “Flooding is increasing in frequency and severity.”
Flood
FEMA and USDA Offer Payment Flexibility for Flood and Crop Programs
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.
Significant Wins for Independent Agents through Big ‘I’ 2019 Federal Advocacy
Key victories include a huge win giving independent agencies tax relief and a trifecta of Big “I” priorities made into law.
Congress Passes Three Big ‘I’ Priorities in One Bill
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.”
Congress Extends NFIP on Short-Term Basis
The Big “I” supports and continues to advocate for the House to pass legislation to reauthorize the NFIP for five years with reforms.
Trio of Companies Conceive Private Flood Solution
A response to recent devastating hurricanes, FloodFLEX is designed specifically to provide coverage for many unexpected expenses that insureds face in the aftermath of a flood.
Senate Passes Short-Term NFIP Extension
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.
Big ‘I’ Asks FEMA to Reject Proposed WYO Changes
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.
Bipartisan Group Set to Introduce New, Concerning NFIP Legislation
This week, several members of Congress announced they were introducing legislation to reauthorize the NFIP for five years while also making a number of troubling changes to the program.
FEMA Examines WYO Carrier Compensation
Earlier this week, FEMA published proposed rulemaking which follows the Biggert-Waters mandate to modify the way FEMA pays private insurance companies participating in the WYO program for the NFIP.