Congress Extends Flood Insurance Program to December 20

Today the U.S. Senate passed H.R. 3055, a short-term continuing resolution (CR) to fund the federal government until December 20. Important for PIA members, this bill includes the extension of the National Flood Insurance Program (NFIP) to the same date. See PIA National’s press release here. The NFIP is now on its 14th short-term extension since …

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TRIA Reauthorization Passed by Senate Banking Committee

On November 20, the U.S. Senate Banking, Housing and Urban Affairs Committee passed legislation to reauthorize the current iteration of the Terrorism Risk Insurance Act (TRIA) for seven (7) years unanimously by voice vote.  This action comes two days after the U.S. House passed a companion TRIA reauthorization bill. PIA National issued a press release …

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House Passes TRIA Bill; Senate Committee to Consider This Week

PIA-supported legislation to reauthorize the Terrorism Risk Insurance Program, part of the Terrorism Risk Insurance Act (TRIA), passed the U.S. House on the evening of November 18 in a bipartisan vote of 385-22. The bill, H.R. 4634, extends authorization of the TRIA program for seven years while only making minimal changes to it, a key …

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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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