House Passes NFIP Extension Legislation

The National Flood Insurance Program (NFIP) will expire on May 31, 2019 unless Congress acts. The history of NFIP extensions has been messy. The program was extended 17 times between 2008 and 2012, when the previous five-year reauthorization was signed into law. Currently, the NFIP is on its 10th short-term extension since late 2017. The …

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PIA National Succeeds in Keeping Agent Commission Cut Out of Draft NFIP Legislation

The National Association of Professional Insurance Agents (PIA National) is optimistic about four draft bills that were recently released by House Financial Services Committee Chairwoman Maxine Waters (D-CA). Each of the released bills pertains to one of four categories: mitigation, mapping, administrative reform, and a foundational bill that reauthorizes the program for five years, forgives …

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Seven Years in the Making, Final Rule on Lender-Approved Private Flood Insurance Almost Complete

The five federal agencies with oversight over mortgage lenders are in the process of jointly issuing a final rule on private flood insurance. Treasury and the FDIC have already indicated their approval of the rule. If it is approved by the Federal Reserve, the Farm Credit Administration, and the NCUA, the final rule will become …

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Despite Christmastime Confusion, the NFIP is Up and Running

Here at PIA National, we work with Congress and the Federal Emergency Management Agency (FEMA) to help keep the National Flood Insurance Program (NFIP) up and running, particularly at times when the program undergoes its periodic reauthorizations by Congress. The last couple of weeks were particularly busy on that front, as the NFIP was scheduled …

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Member Spotlight: Senator John Kennedy of Louisiana

John Neely Kennedy (R) represents the state of Louisiana in the U.S. Senate and sits on the committee of jurisdiction over most insurance issues, which is the Senate Banking, Housing and Urban Affairs Committee. Senator Kennedy was elected to the Senate in 2016 and, given his short time there, has had a major impact on …

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