News

The Big “I” submitted a comment letter urging FEMA to review complex underwriting procedures and update agent training policies.

The Big “I” spearheaded the submission of a joint letter to the Federal Housing Administration urging the agency to amend its policy regarding acceptance of private flood insurance by lenders for FHA-insured loans.

The Big “I” is at the center of the debate as Congress begins deliberating key components of the 2018 Farm Bill, such as the Federal Crop Insurance Program.

This week, Sens. Michael Crapo (R-Idaho) and Sherrod Brown (D-Ohio) introduced the “NFIP Reauthorization Act of 2017,” which would reauthorize the NFIP for six years.

One of the bills in the markup includes provisions that would cap WYO insurers’ reimbursement rate at 27.9% to administer the NFIP. Currently, the rate is 30.9%.

The legislation would reauthorize the NFIP for five years and addresses a variety of issues, including providing greater private market access, enhancing mitigation efforts and more.

This week, the Big “I” submitted testimony to a full committee hearing which examined the NFIP and several legislative proposals aimed at reforming the program.

Today, Republicans in the U.S. House of Representatives released six discussion draft bills and accompanying summaries.

President Trump’s proposed FY2018 budget calls for about $28 billion in cuts to the Federal Crop Insurance Program over the 2018-2027 period.

Last week, Big “I” members from all 50 states headed to Washington, D.C. for the biggest, most effective industry gathering: the annual Big “I” Legislative Conference.