PIA recently sent letters, along with a coalition of stakeholder groups, to U.S. House and Senate appropriators to advocate for a significant increase in funding for the Federal Emergency Management Agency (FEMA) flood risk mapping program in fiscal year 2022 (FY 2022). The flood risk mapping program funds federal flood mapping, which shows how likely …
Continue reading PIA Calls for Increased Funding for Flood Risk Mapping
The National Flood Insurance Program (NFIP), which is administered by the Federal Emergency Management Agency (FEMA), is the primary source for flood insurance in the United States. Over the past few years, FEMA has been updating the NFIP’s risk rating process using a new methodology known as Risk Rating 2.0 (RR 2.0). It is scheduled …
Continue reading FEMA Makes Available More Agent Training Sessions on Risk Rating 2.0
On June 17, the U.S. Senate Committee on Banking, Housing and Urban Affairs held a second hearing on the reauthorization of the National Flood Insurance Program (NFIP). The first hearing was held in May. The hearing featured the testimony of David I. Maurstad, the Deputy Associate Administrator of the Federal Insurance and Mitigation Administration (FIMA), …
Continue reading Risk Rating 2.0 Dominates Second Senate Hearing on NFIP Reauthorization
On May 18, the U.S. Senate Committee on Banking, Housing and Urban Affairs held a hearing on the reauthorization of the National Flood Insurance Program (NFIP). PIA submitted testimony in which we urged the Committee to pass a long-term reauthorization and highlighted several specific reforms we’re pursuing this year. The NFIP’s most recent five-year reauthorization …
Continue reading NFIP Hearing in Senate Banking Kicks Off Reauthorization Process
PIA has released its 2021 Issues of Focus in preparation for its upcoming Advocacy Day, formerly known as the Federal Legislative Summit (FLS). PIA members will highlight these issues during their meetings with their elected representatives on Advocacy Day. PIA deploys its grassroots advocacy resources throughout the year on countless issues of importance to independent insurance agents. …
Continue reading PIA Releases 2021 Issues of Focus for Advocacy Day
On April 1, the Federal Emergency Management Agency (FEMA) unveiled changes, commonly referred to as Risk Rating 2.0, to the National Flood Insurance Program (NFIP). Risk Rating 2.0 is meant to provide more specific, accurate information about the flood risk associated with properties covered by the NFIP. Materials released by FEMA show that Risk Rating …
In the latest entry in our Commissioner Spotlight series, we are focusing on the head of the South Carolina Department of Insurance (SCDOI), Director Ray Farmer. Dir. Farmer served as vice president of the American Insurance Association (AIA, now APCIA), a trade association for insurance carriers. He spent the early part of his regulatory career as …
Continue reading Commissioner Spotlight: South Carolina Director Ray Farmer
This evening, the U.S. Senate voted to pass a continuing resolution (CR) to fund the federal government through December 11, 2020 by a vote of 84-10. This follows action from the House, which cleared the measure on September 22. In a key win for PIA members, the bill includes an extension of the National Flood Insurance Program (NFIP) until next year, …
Continue reading Senate Approves Bill that Includes NFIP Extension Until Sept. 2021
The U.S. House voted 359-57 tonight to pass the continuing resolution (CR) legislation to fund the federal government to December 11th. As reported earlier today, the bill includes an extension of the National Flood Insurance Program (NFIP) until next year, to September 30th, 2021. The program is set to expire next week on September 30th. The vote on the CR …
Continue reading House Passes Flood Insurance Program Extension to Sept. 2021
The U.S. House of Representatives is expected to consider a continuing resolution (CR) this week to fund the federal government until December 11. A vote could come as soon as today. Authority to fund the federal government runs out on Sept. 30, unless Congress acts. Notable for PIA members is the inclusion in the CR of a short-term …
Continue reading House Bill Would Extend Flood Program Until Sept. 2021
