News

A new summary of proposed flood insurance reform legislation includes a provision that would cap compensation for WYOs at 25%.

Sen. Heller is at the center of many Big “I” priorities on Capitol Hill, including efforts to reauthorize the NFIP, reform the tax code, repeal and replace the Affordable Care Act, and more.

As Congress seeks to reform the NFIP before it expires on Sept. 30, it’s examining lowering the compensation that insurance companies and independent agents earn for administering the program.

In anticipation of President Trump’s budget outline, the Big “I,” along with the D.C Agriculture Coalition, sent letters to top decision-makers in Washington, D.C.

As the NFIP’s Sept. 30 expiration date looms, Congress is beginning to focus more on the program’s reauthorization and reform.

To protect the Federal Crop Insurance Program, the Big “I” sent a letter urging Congress to reject calls for additional cuts within the jurisdiction of the U.S. Senate and House agriculture committees.

As required by the Homeowners Flood Insurance Affordability Act of 2014, starting this month, FEMA will send each NFIP policyholder a letter outlining their known flood risk and how it relates to their premium.

The briefing focused on why flood is different than other perils, where the private flood insurance market currently stands, how the NFIP operates and more.

Shortly after President Trump’s inauguration, the White House released a memo asking all executive agencies to freeze pending regulations so the new Administration has time to review them. President Trump also signed an executive order to roll back parts

FEMA announced that it sustained a $4 billion loss last year—making 2016 one of the most expensive years in the program’s history.