PIA Supports Bill to Create Transparency in RR 2.0 Rates

PIA strongly supports the Flood Insurance Pricing Transparency Act, a bill introduced this week by Sens. Bill Cassidy (R-LA) and Kirsten Gillibrand (D-NY).   FEMA recently updated the risk rating methodology it uses to price flood insurance premiums for policies issued by the National Flood Insurance Program (NFIP). The new methodology, known as Risk Rating (RR) …

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Senate Passes NFIP Extension to March 11, 2022

The U.S. Senate on the evening of February 17 passed H.R.6617, a continuing resolution (CR) to fund the federal government through March 11 by a vote of 65-27. An extension of the National Flood Insurance Program (NFIP), set to expire Friday, Feb 18 at midnight, was included in the bill. The House of Representatives already passed the bill …

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Senate Passes NFIP Extension to February 18, 2022

The U.S. Senate tonight passed H.R.6119, a continuing resolution (CR) to fund the federal government until February 18 by a vote of 69-28. An extension of the National Flood Insurance Program (NFIP), set to expire this coming Friday, December 3 at midnight, was included in the bill. The House of Representatives already passed the bill earlier …

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PIA Objects to FIO Investigation of Climate-Related Insurance Risk

PIA has a long history of supporting the state regulation of insurance and opposing federal insurance oversight. Since 2016, one of our annual top legislative priorities has been the repeal of the Federal Insurance Office (FIO), which was created by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Our advocacy was vital …

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PIA Supports Flood Bills Encouraging Development of Private Market

On September 30, the National Flood Insurance Program (NFIP)’s authority to operate was extended until December 3, 2021. This is the 17th short term extension of the NFIP since its last five-year reauthorization expired in 2017. PIA supports a long-term reauthorization of the NFIP that recognizes the key role independent agents play in delivering the …

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Senate Passes Amended Funding Bill with NFIP Extension

Today the Senate passed an amended version of H.R. 5305, the continuing resolution (CR) that will fund the federal government until December 3, 2021, by a vote of 65 to 35. Importantly for PIA members, the CR includes an extension of the National Flood Insurance Program (NFIP) until December 3 as well. An earlier version …

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NFIP Extension and Federal Funding Fail to Pass Senate

The U.S. Senate tonight failed to invoke cloture on the motion to proceed on H.R. 5305, the continuing resolution (CR) that would have funded the federal government until December 3, 2021. The bill passed the House last week by a vote of 220-211. In the Senate, however, a motion to invoke cloture, a procedure that …

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PIA Opposes Narrowing “Independent Contractor” Definition for Unemployment Insurance

PIA is raising concerns about the draft legislative text of the Unemployment Insurance Modernization Act, which is being championed by Senator Ron Wyden (D-OR), Chairman of the Senate Finance Committee, and addresses unemployment insurance reform. Specifically, the discussion draft would require states to use the “ABC test” to determine whether a worker is considered an …

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Risk Rating 2.0 Dominates Second Senate Hearing on NFIP Reauthorization

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), …

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Employment Status of Independent Agents Threatened

On March 9, the U.S. House passed H.R. 842, the Protecting the Right to Organize (PRO) Act, mostly along party lines, as expected. The PRO Act’s intention is to reform current labor law in a variety of areas. For PIA members, the bill’s most significant provision would amend the National Labor Relations Act (29 U.S.C. …

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