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The hearing covered topics including the structure of the National Flood Insurance Program (NFIP), the role of private flood insurance, and Risk Rating 2.0.

The new information provides localized rate analysis at the zip code level for all 50 states and the District of Columbia, as well as flood mitigation actions for policyholders.

The National Flood Insurance Program will be hosting a number of Risk Rating 2.0 – Equity in Action webinars designed for insurance agents throughout June and July.

The Big “I” submitted a statement on the need for a long-term reauthorization of the National Flood Insurance Program, and also submitted comments on proposed interagency Q&As on private flood insurance.

The act would require FEMA to release an impact analysis at least six months before National Flood Insurance Program changes, and prohibit certain changes during and up to six months after the COVID-19 emergency declaration.

The legislation would reauthorize the National Flood Insurance Program (NFIP) for five years and clarify that private flood insurance can satisfy the NFIP’s continuous coverage requirements, a top priority for the Big “I.”

Sen. Rick Scott (R-Florida) discussed how federal overreach by the Biden administration will negatively impact small businesses and the economy’s recovery from the coronavirus pandemic.

Today, FEMA issued notification of Risk Rating 2.0 program changes to the National Flood Insurance Program effective on October 1, 2021, the overall timeline for implementation of Risk Rating 2.0 and FEMA’s expectations of NFIP insurers.

Big “I” members will have the opportunity to discuss issues such as small business tax fairness, future pandemic response, and more in virtual meetings with members of Congress.

The 2021 Conference will be held April 13-16 and will include addresses from members of Congress, a legislative update on key independent agent issues and more. Here is a preview of the issues Big “I” members will bring to Capitol Hill.