News

Instead of an in-person event, the 2020 National Flood Conference will take place virtually via webinar June 1-3. Attendance is free of charge.

In response to the coronavirus crisis, FEMA will extend the grace period to renew flood insurance policies from 30 to 120 days, and the USDA has announced flexibilities to help with policies, claims, reporting and payments.

Key victories include a huge win giving independent agencies tax relief and a trifecta of Big “I” priorities made into law.

Today, the U.S. Senate passed a legislative package that includes three key priorities for independent agents: Reauthorizing the Terrorism Risk Insurance Act, extending the National Flood Insurance Program and repealing the “Cadillac tax.”

The Big “I” supports and continues to advocate for the House to pass legislation to reauthorize the NFIP for five years with reforms.

Earlier today, the U.S. Senate passed government funding legislation that extends the NFIP through Nov. 21. The legislation now heads to the president’s desk where it is expected to be signed into law.

The Big “I” submitted comments to FEMA on its Advanced Notice of Proposed Rulemaking entitled: Revisions to Methodology for Payments to Write Your Own Companies.

This week, several members of Congress announced they were introducing legislation to reauthorize the NFIP for five years while also making a number of troubling changes to the program.

Earlier this week, FEMA published proposed rulemaking which follows the Biggert-Waters mandate to modify the way FEMA pays private insurance companies participating in the WYO program for the NFIP.

In a moment of bipartisanship, the U.S. House Financial Services Committee passed the legislation by a unanimous vote of 59-0.