Congress Poised to Pass Last-Minute NFIP Extension
Congress appears set to pass bipartisan legislation to extend government funding that expires at midnight tomorrow.
Flood
Big ‘I’ Flood Update: NFIP’s D2C Proposal and FHA Private Option
Big “I” members and industry partners on the Flood Insurance Producers National Committee (FIPNC) met with staff from FEMA to discuss several issues.
Senate Passes Government Funding Bill, Big ‘I’-Supported Policies Included
The U.S. Senate passed legislation funding the government through Dec. 16, reauthorizing the National Flood Insurance Program (NFIP) and including the Big “I”-supported “Hermit’s Peak Fire Assistance Act.”
Hurricane Ida: What We’ve Learned One Year Later
Hurricane Ida demonstrated the new reality we’re facing: Storms are gaining strength and persistence, and they’re happening in unexpected places.
Big ‘I’ Submits Comments on FEMA’s Direct to Customer Initiative
The comments express concern for the proposal and detail the vital role that agents play in the sale and servicing of National Flood Insurance Program (NFIP) policies.
What If Hurricane Andrew Happened Today?
Thirty years after Hurricane Andrew, a report from CoreLogic examines the impact of the storm and what might happen if an Andrew-like event were to occur again.
FEMA Requests Information About New Direct to Customer Initiative
Big “I” staff met with FEMA as part of the Flood Insurance Producer National Committee (FIPNC) to express concern with the new Direct to Customer initiative proposal.
Global Insured CAT Losses Down 31.6% in H1 2022
While CAT losses are down in the first half of 2022, they are 18% higher than the 21st-century average, according to Aon.
Nor’easter Shows How Risk Rating 2.0 Accurately Rates Homes
After a major flood, the results showed how Risk Rating 2.0 got the risk right.
70% of Hurricane-Exposed Homes Do Not Have Flood Insurance
Nationally, nearly 7.8 million single and multifamily homes with more than $2.3 trillion in combined reconstruction cost value are at risk of storm surge, according to CoreLogic.
