Congress avoided a partial government shutdown this week by passing a short-term spending bill, known as a continuing resolution (CR), through both the House and the Senate. In a departure from precedent, lawmakers had been confronting not one but two government shutdown threats—on January 19 and February 2. Congress last passed a CR in November; the …
Continue reading Congress Passes Short-Term Spending Bill with NFIP Extension to Avert Shutdown
The Federal Emergency Management Agency (FEMA) recently announced plans to require every new and renewing National Flood Insurance Program (NFIP) policy to include both an agent and an agency National Producer Number (NPN) with a policy effective date on or after January 1, 2024. The announcement was made in FEMA’s Bulletin W-23005. During PIA’s most …
Continue reading FEMA Will Require Both Agent and Agency NPNs on NFIP Policies Beginning Jan. 1
This week the House and Senate both passed a federal government funding bill, or continuing resolution (CR) to fund the federal government. The federal government and several key programs were set to expire 12:01am Saturday, November 18 if Congress did not act. This CR is unique in that it splits the federal government funding into …
Continue reading Congress Passes Spending Bill with NFIP, Farm Bill Extensions
The U.S. Senate tonight passed a continuing resolution (CR) to fund the federal government to November 17 by a vote of 88-9. The CR includes an extension of the National Flood Insurance Program (NFIP) to the same date. The House passed the bill earlier in the day, so the bill now goes to the president …
Continue reading Senate Passes Spending Bill with NFIP Extension
The U.S. House of Representatives today passed a continuing resolution (CR) 335-91 to fund the federal government to November 17. Importantly, the CR includes an extension of the National Flood Insurance Program (NFIP) to the same date. Without an extension by Congress the NFIP will lapse after midnight tonight. The Senate must now pass the …
Continue reading House Passes Continuing Resolution to November 17 with NFIP Extension
The Government Accountability Office (GAO) recently published a report on the National Flood Insurance Program (NFIP) entitled FLOOD INSURANCE: FEMA’s New Rate-Setting Methodology Improves Actuarial Soundness but Highlights Need for Broader Program Reform. Among other issues, the report addresses: the actuarial soundness of the NFIP’s new Risk Rating 2.0 (RR2) methodology, how premiums are changing for …
Continue reading GAO Report on Risk Rating 2.0 Validates PIA Agent Concerns
On August 29, PIA sent a letter to congressional leaders asking that they reauthorize the National Flood Insurance Program (NFIP) beyond its current September 30 expiration date and for as long a period as possible. The history of NFIP extensions has been messy. The program was extended 17 times between 2008 and 2012, when the …
Continue reading PIA Urges NFIP Extension in Letter to Congressional Leaders
As you may know, the National Association of Insurance Commissioners (NAIC) has been working to modernize its consumer privacy protection regulatory framework, which forms the foundation of all states’ insurance consumer protection regimes. The NAIC’s Privacy Protections Working Group (PPWG) is in the process of drafting a single new model, the Insurance Consumer Privacy Protection …
Continue reading NAIC Consumer Privacy Protection Model Development Faces New Obstacles
This week, Sens. Bob Menendez (D-NJ) and Bill Cassidy (R-LA) introduced bipartisan legislation that would reauthorize the National Flood Insurance Program (NFIP) for five years and make several changes to the program. The National Flood Insurance Program Reauthorization and Reform Act of 2023 has a House companion bill, which is sponsored by Reps. Frank Pallone (D-NJ) …
Members of PIA of Virginia meet with Congressman Ben Cline (R-VA) PIA members from around the nation converged on Washington, D.C. on May 10 for its 2023 Advocacy Day. Agents met with Senators, Representatives, and legislative staffers to discuss PIA’s key legislative issues. Among PIA’s top issues were a request to the USDA’s Risk Management …
