Congress Poised to Pass Legislation to Extend NFIP
If passed, the legislation would reauthorize the National Flood Insurance Program (NFIP) through Dec. 3.
News
Risk Rating 2.0 Set to Take Effect
All new policies effective on or after Oct. 1 must be issued under Risk Rating 2.0, FEMA’s new pricing methodology for the National Flood Insurance Program (NFIP).
Crucial Week for Flood Insurance Approaches as Government Shutdown Looms
With Risk Rating 2.0 currently scheduled to be implemented Oct. 1, disagreements in Congress could lead to a government shutdown and a lapse in the National Flood Insurance Program (NFIP).
Big ‘I’ Urges Congress to Extend NFIP
The National Flood Insurance Program (NFIP) is currently scheduled to expire on Sept. 30.
Congress Commences Tumultuous Month as Deadlines Loom
Congress returns this month to deal with a number of issues, including legislation that could see tax increases impacting Big “I” members, as well as reauthorizing critical programs such as the National Flood Insurance Program (NFIP).
AM Best: Commercial Lines Will Face Brunt of Hurricane Ida Losses
Property damage and business interruption losses may contribute more heavily toward overall financial losses, with insured losses estimated to be between $15 billion and $25 billion.
Risk Rating 2.0: FEMA Releases More Guidance Ahead of Implementation
With FEMA’s new pricing methodology for the National Flood Insurance Program (NFIP) to be implemented Oct. 1, use these new resources to prepare for the change.
Risk Rating 2.0: FEMA Issues Agent Guide and September Training Dates
The guide gives agents easy access to Risk Rating 2.0 information when completing a National Flood Insurance Program (NFIP) application.
FEMA Sends out Update as NFIP’s Risk Rating 2.0 Implementation Nears
The notice to Write-Your-Own insurance companies stated the anticipated quoting and policy issuance for Phase 1 of Risk Rating 2.0 policies will be available starting on Aug. 16.
NFIP ‘Continuous Coverage’ Legislation Introduced in House
The legislation clarifies that a flood insurance policy purchased in the private market can count as “continuous coverage” under the terms of the National Flood Insurance Program (NFIP).
