Big ‘I’ Responds to NAIC Flood Insurance Principles
The NAIC principles are intended to serve as recommendations for Congress to consider during upcoming discussions regarding reauthorization of the NFIP.
News
GAO Flood Insurance Report Outlines Private Market Barriers
A new Government Accountability Office report cites regulatory uncertainty, refunds and market challenges as barriers to increased use of private market flood insurance policies.
Senate Holds Hearing on Flood Insurance Premiums
At a U.S. Senate committee hearing last week, the Big “I” provided a statement on NFIP delivery, affordability and long-term program stability for small businesses.
FEMA Announces Flood Insurance Reforms
This week, Roy Wright, FEMA’s deputy associate administrator for insurance and mitigation, announced NFIP changes aimed at increasing transparency and oversight.
Big ‘I’ Agents Participate in National Flood Conference
At this week’s National Flood Conference in Washington, D.C., a variety of speakers—including two Big “I” leaders—provided information to flood service providers on all aspects of the NFIP.
Big ‘I’ Applauds House Action on Flood Reform Bill
Today, the U.S. House of Representatives passed H.R. 2901, the “Flood Insurance Market Parity and Modernization Act” by Reps. Dennis Ross (R-Florida) and Patrick Murphy (D-Florida), by a vote of 419-0.
Big ‘I’ Applauds Committee Action on Flood Reform Bill
Earlier this week, the U.S. House of Representatives Committee on Financial Services reported H.R. 2901, the “Flood Insurance Market Parity and Modernization Act,” to the full House for consideration.