News

This week, the Big “I” submitted a joint trade association letter to the U.S. Senate Banking Committee hearing outlining priorities for the next NFIP reauthorization.

This week, most discussions in both chambers are expected to revolve around options for the length of a temporary funding bill, also known as a continuing resolution.

In response to an executive order President Obama issued last year as part of his climate change agenda, FEMA has issued a new proposal for defining the “floodplain” for federally funded projects.

The NAIC principles are intended to serve as recommendations for Congress to consider during upcoming discussions regarding reauthorization of the NFIP.

A new Government Accountability Office report cites regulatory uncertainty, refunds and market challenges as barriers to increased use of private market flood insurance policies.

Last week, 23 members of the U.S. House of Representatives sent a letter to FEMA requesting an increase in oversight of private insurers that participate in the NFIP.

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.

Earlier this month, the Big “I” joined other stakeholders interested in the next NFIP reauthorization to discuss the flood program.

This week, Roy Wright, FEMA’s deputy associate administrator for insurance and mitigation, announced NFIP changes aimed at increasing transparency and oversight.

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.