A short-term reauthorization of the National Flood Insurance Program through to Feb. 2, 2024, was included. The legislation also included an extension of the current Farm Bill through to Sept. 30, 2024.
Joe Rossi, CEO and president of Joe Flood Insurance Brokerage, was appointed chair of the Flood Insurance Producers National Committee, where he will represent the Big “I” and other producer groups.
While the short-term reauthorization of the NFIP is certainly helpful, the Big “I” continues to advocate for a long-term reauthorization of the program.
FEMA released a memo to Write-Your-Own companies and NFIP Direct servicing agents providing guidance on a potential lapse in NFIP authority.
The severe flooding in the Southeast U.S. brought by Hurricane Idalia highlights the importance of flood insurance.
National Oceanic and Atmospheric Administration (NOAA) forecasters are predicting 21 named storms, of which up to 11 could become hurricanes.
The hearing, which will be livestreamed, will examine the availability of flood insurance in the United States and the steps that can be taken to increase take-up rates.
As the recent string of storms and flooding on the West Coast have likely hit property owners with unmitigated costs, many Americans mistakenly believe they are covered against floods, according to Neptune Flood.
If passed by the Dec. 23 deadline, the $1.7 billion bill would extend the National Flood Insurance Program (NFIP), strengthen Americans’ retirement savings, and support crop insurance programs.
Congress appears set to pass bipartisan legislation to extend government funding that expires at midnight tomorrow.
