The Big “I” successfully advocated to remove several damaging provisions, including a cap on the 20% small business deduction and tax rate increases that would have impacted Big “I” members organized as pass-through businesses.
The legislation to extend the National Flood Insurance Program (NFIP) includes several controversial items, such as capping Write-Your-Own (WYO) compensation at 22.46% of written premiums.
The three bills introduced today aim at reforming the National Flood Insurance Program (NFIP) with the intention of growing the private market.
Training webinars for Risk Rating 2.0, FEMA’s new pricing methodology for the National Flood Insurance Program (NFIP), are free for agents.
If passed, the legislation would reauthorize the National Flood Insurance Program (NFIP) through Dec. 3.
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).
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).
The National Flood Insurance Program (NFIP) is currently scheduled to expire on Sept. 30.
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).
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.
