ISO Opens New Doors for Flood Insurance
ISO spent the last two years developing personal and commercial lines standalone flood policy forms and rates for its licensees.
Flood
Short-Term NFIP Extension In Play
The NFIP is set to expire tomorrow as part of a broader government funding debate, unless Congress passes a continuing resolution to keep the federal government open.
US Flood Risk: Lessons from a Heavy Cat Year
The insurance industry breathed a collective sigh of relief with the close of the 2017 hurricane season. But as losses continue to mount and claims start to get paid, it’s time for a period of reflection on the country’s inadequate understanding of flood
Flood Extension Likely in Continuing Resolution
The NFIP is set to expire tomorrow, Friday, Dec. 22, unless Congress passes a continuing resolution to fund the government into early next year.
Short-Term NFIP Extension Likely
As of press time, the NFIP is expected to receive a two-week extension this Friday as part of a continuing resolution Congress is predicted to pass to fund the government through Dec. 22.
House Passes Five-Year Flood Reauthorization Bill
This week, the U.S. House of Representatives passed a bill that reauthorizes the NFIP for five years and makes several reforms to the program.
Flood Insurance Debt Relief Poised for Senate Passage
Last week, the U.S. House of Representatives advanced a $36.5-billion disaster relief package that marks the second installment of aid since a series of natural disasters struck southeast Texas, Florida and Puerto Rico, among other areas.
Administration Calls for Flood Insurance Fixes
The White House released proposed changes to the NFIP that it would have liked to see included in a disaster aid package the U.S. House of Representatives is scheduled to vote on this week.
White House Proposes NFIP Reforms
On Wednesday night, the Trump Administration sent a letter to Congress requesting emergency hurricane relief funds and outlining substantial NFIP reforms.
Big ‘I’ Tells FEMA to Simplify the NFIP
The Big “I” submitted a comment letter urging FEMA to review complex underwriting procedures and update agent training policies.