News

Sen. Jerry Moran (R-Kansas) addressed Big “I” members about the upcoming 2023 Farm Bill, upholding state-based insurance regulation and the war in Ukraine.

In a significant win for the Big “I,” the budget does not include any cuts to the Federal Crop Insurance Program and included some important language regarding workers compensation.

Beginning Friday, April 1, all flood policies must be priced under Risk Rating 2.0 at renewal.

FEMA is currently offering new webinars for agents that will focus on the renewal process under Risk Rating 2.0 beginning April 1.

The bill would require FEMA to publish the formulas used to calculate policyholder mitigation credits under Risk Rating 2.0.

Beginning April 1, all flood policies must be priced under Risk Rating 2.0 at renewal. FEMA is offering new webinars that will focus on renewals under Risk Rating 2.0.

As the April 1 implementation date for all Risk Rating 2.0 renewals approaches, agents should review all communication from their Write Your Own (WYO) companies.

During the conference, independent insurance agents and brokers from across the country will share their perspectives with legislators on issues important to the independent agency system.

As of press time, the U.S. Senate was expected to pass legislation that would fund the government through March 11, 2022, and extend the National Flood Insurance Program (NFIP) for the same period.

At the hearing, there was overwhelming bipartisan support for the Federal Crop Insurance Program (FCIP) and the critical role it plays in farm communities and food security.