On the Hill

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).

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).

The National Flood Insurance Program (NFIP) is currently scheduled to expire on Sept. 30.

House Democrats continue negotiations on the proposed plan intended to pay for the Democratic party’s $3.5 trillion spending package.

The proposed regulation mandates apply to health insurance issuers offering individual coverage or short-term, limited duration insurance and would require a company to disclose compensation provided to a producer for enrolling individuals.

The House Democrats’ plan includes several troubling provisions for pass-through businesses, which would see steep tax increases.

As Congress pushes forward with the $3.5 trillion reconciliation package, the Big “I” joined other small business organizations to voice opposition to increasing taxes on Big “I” members and their business clients.

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).

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.

In an effort to raise the bar on cybersecurity, executives from the tech, insurance, finance and critical infrastructure sectors met with President Joe Biden to discuss America’s cybersecurity challenges and the need for a public-private partnership.