NFIP’s Risk Rating 2.0 Delay Prompts PIA National to Renew Its Call for House to Pass Reauthorization Package

On November 7, the Federal Emergency Management Agency (FEMA) announced that it is delaying the implementation of Risk Rating 2.0, a major overhaul of flood insurance rates under the National Flood Insurance Program (NFIP). Risk Rating 2.0 is meant to provide more specific, accurate information about properties covered by the NFIP. Risk Rating 2.0 is …

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Terrorism Risk Insurance Bill Passes House Committee

PIA National supports H.R. 4634, which passed the House Financial Services Committee today in a bipartisan vote of 57-0. The bill would extend the Terrorism Risk Insurance Program (TRIP) for seven years with minimal changes to the program. TRIP expires at the end of next year on December 31, 2020. PIA National has been advocating …

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Commissioner Spotlight: Maine Superintendent Eric Cioppa

In the first entry in our new “Commissioner Spotlight” series, we are focusing on the head of the Maine Bureau of Insurance, Superintendent Eric Cioppa. Superintendent Cioppa began his career in insurance as a statistician for the Insurance Bureau before becoming Supervisor of Maine’s Workers’ Compensation Section. After that, he became Deputy Superintendent in 1998. …

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PIA Supports Terrorism Risk Insurance Program Renewal

This week, PIA National submitted testimony for a joint hearing in the House Financial Services Committee subcommittees on Housing, Community Development and Insurance and National Security, International Development, and Monetary Policy on the reauthorization of the Terrorism Risk Insurance Program (TRIP). This hearing on the reauthorization of TRIP follows one held in the Senate Banking, Housing …

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Overtime Rule Update Finalized by Department of Labor

Earlier this year, the Department of Labor (DOL) issued a proposed rule as part of its consideration of potential revisions to the Fair Labor Standards Act (FLSA) to update the exemption from minimum wage and overtime pay (of 1.5 times their regular pay rate) for “executive, administrative, professional, outside sales, and computer employees.” PIA National submitted comments in …

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PIA Advocacy Day: Join us at PIA’s Congressional Fly-In

Each year, PIA agents from around the country travel to Washington, D.C. to attend PIA National’s annual congressional fly-in, formerly known as the Federal Legislative Summit (FLS), now known as PIA Advocacy Day. The name change reflects the unique, action-oriented nature of PIA National’s member fly-in, as compared to other association conferences, which are often …

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Senate Passes Flood Insurance Program Extension to November

Today the U.S. Senate passed H.R. 4378, a short-term continuing resolution (CR) to fund the federal government until November 21 by a vote of 82-15. An extension of the National Flood Insurance Program (NFIP), set to expire September 30, was included in the bill. The House of Representatives already passed the bill earlier in September. The new expiration date …

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