Big ‘I’ Flood Update: NFIP’s D2C Proposal and FHA Private Option
Big “I” members and industry partners on the Flood Insurance Producers National Committee (FIPNC) met with staff from FEMA to discuss several issues.
News
Senate Passes Government Funding Bill, Big ‘I’-Supported Policies Included
The U.S. Senate passed legislation funding the government through Dec. 16, reauthorizing the National Flood Insurance Program (NFIP) and including the Big “I”-supported “Hermit’s Peak Fire Assistance Act.”
Big ‘I’ Submits Comments on FEMA’s Direct to Customer Initiative
The comments express concern for the proposal and detail the vital role that agents play in the sale and servicing of National Flood Insurance Program (NFIP) policies.
What If Hurricane Andrew Happened Today?
Thirty years after Hurricane Andrew, a report from CoreLogic examines the impact of the storm and what might happen if an Andrew-like event were to occur again.
FEMA Requests Information About New Direct to Customer Initiative
Big “I” staff met with FEMA as part of the Flood Insurance Producer National Committee (FIPNC) to express concern with the new Direct to Customer initiative proposal.
Global Insured CAT Losses Down 31.6% in H1 2022
While CAT losses are down in the first half of 2022, they are 18% higher than the 21st-century average, according to Aon.
70% of Hurricane-Exposed Homes Do Not Have Flood Insurance
Nationally, nearly 7.8 million single and multifamily homes with more than $2.3 trillion in combined reconstruction cost value are at risk of storm surge, according to CoreLogic.
FEMA Testifies on NFIP Reauthorization
Today, the U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing entitled, “Reauthorization of the National Flood Insurance Program: Administration Perspectives.”
Big ‘I’ Submits Testimony for Senate NFIP Hearing; Reauthorization Bill Introduced in the House
In its written testimony, the Big “I” underscored the importance of finally enacting a long-term reauthorization of the National Flood Insurance Program (NFIP).
Big ‘I’ Submits Testimony for NFIP Reauthorization Hearing
The Big “I” submitted a statement that underscored the importance of finally enacting a long-term reauthorization of the NFIP after numerous short-term reauthorizations.
