Flood Insurance Regulatory Update

Federal Emergency Management Agency (FEMA) Independent insurance agents deeply focused on the National Flood Insurance Program (NFIP) may already know that, on October 1, the most recently published version of the Flood Insurance Manual took effect. FEMA also recently solicited feedback on the use of Elevation Certificates and Floodproofing Certificates by communities participating in the …

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FIO Issues Notice of its Plan to Collect Climate Risk Data

The Federal Insurance Office (FIO) today issued a Notice of Proposed Rulemaking (NPRM) announcing its plan to collect current and historical data from property and casualty insurers to assist FIO in its efforts to assess climate-related risk. This action was foreshadowed by FIO’s email during the summer to insurance regulators in all 50 states, asking …

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PIA Asks Senate to Reject ENABLERS

Recently, PIA joined a coalition of trade associations in a letter to Senate Majority Leader Chuck Schumer (D-NY) and Minority Leader Mitch McConnell (R-KY) expressing our opposition to the Establishing New Authorities for Business Laundering and Enabling Risks to Security (ENABLERS) Act, which passed the House as part of this year’s National Defense Authorization Act …

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PIA Kentucky Advocates on Flood Issues

Members of the PIA of Kentucky met last week with members of their Congressional delegation on a number of issues related to the reauthorization of the National Flood Insurance Program (NFIP). PIA of Kentucky members urged their policymakers to pass a long-term reauthorization of the NFIP that includes necessary reforms, as set forth in PIA’s …

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