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 …
Tag: National Flood Insurance Program (NFIP)
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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House Passes Flood Insurance Extension as Expiration Deadline Looms
On Thursday, September 19th, by a vote of 301-123, the U.S. House passed H.R. 4378, a short-term continuing resolution (CR) to fund the federal government until November 21. An extension of the National Flood Insurance Program (NFIP), set to expire September 30, was included in the bill. The Senate is expected to consider the legislation soon, and, if the …
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Proposed Flood Regulation Could Hurt Agents, Consumers
PIA National recently submitted comments in response to the July 8, 2019 Advanced Notice of Proposed Rulemaking (ANPR)[1] published by Federal Emergency Management Agency (FEMA) regarding the National Flood Insurance Program (NFIP). The ANPR outlines potential changes to the methodology currently used for payments to Write Your Own (WYO) insurance companies selling flood policies in …
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Flood Insurance Program Set to Expire Sept. 30 Absent Congressional Action
Congress returns from its August recess next week, and not a moment too soon. The National Flood Insurance Program (NFIP) is set to expire on September 30th if Congress doesn’t act to extend it. The NFIP is currently on its 12th short term extension since its last long-term renewal expired in September 2017. While Congress may …
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Member Spotlight: Congresswoman Nydia Velázquez
Nydia Velázquez is a Democratic Congresswoman who represents the 7th Congressional District of New York in the U.S. House of Representatives. Her metropolitan district is comprised of parts of Brooklyn, lower Manhattan, and Queens. Rep. Velázquez has served in the House since 1993, and she was the first Puerto Rican woman elected to the House …
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