Flood Updates: NFIP Reauthorized; FEMA to Release Data
Earlier this week, the U.S. House of Representatives passed a disaster aid package that included an extension of the NFIP through Sept. 30, the end of the fiscal year.
News
NFIP Extension Down to the Wire
At press time, the U.S. House of Representatives is expected to try to pass a two-week extension of the NFIP, which is currently scheduled to expire at midnight tomorrow, May 31.
Big ‘I’ Urges Congress to Avoid NFIP Lapse
The U.S. Senate must act on H.R. 2578 to make sure the NFIP does not lapse at the end of the month.
Sen. Tim Scott is Big ‘I’ Legislator of the Year
The Big “I” presents the Legislator of the Year Award annually to a member of Congress who provides outstanding leadership on insurance issues.
Big ‘I’ Urges Congress to Avoid NFIP Lapse
The NFIP is set to expire on May 31, barring action by Congress. This week, the Big “I” joined a group of 18 organizations in sending a letter to congressional leadership urging them to reauthorize the program.
Big ‘I’ Seeks Continued Funding for Flood Mapping
This week, the Big “I” joined a diverse range of partners and stakeholders in sending a letter urging Congress to maintain appropriated funding for FEMA’s Flood Hazard Mapping and Risk Analysis Program.
NFIP Reverses Mid-Term Cancellation Policy
On Monday, FEMA issued a bulletin stating that consumers cannot receive a refund for unearned premiums if they cancel a NFIP policy mid-term in favor of a private policy.
FEMA Unveils ‘Risk Rating 2.0’
On Monday, FEMA announced significant changes to the way the NFIP will charge homeowners for flood insurance risks.
Big ‘I’ Testifies Before Congress on NFIP
On Wednesday, Chris Heidrick, chair of the Big “I” Flood Insurance Task Force, testified before the U.S. House of Representatives Financial Services Committee on reauthorization of the NFIP.
President Trump’s Budget Proposes Changes to FCIP, NFIP
The budget proposal includes $26 billion in cuts to the FCIP and proposed means-testing for the NFIP.