Flood Insurance

 

PIA National Instant Update: Insurance Regulatory Reform & NFIP (11/4/09):

Click here to visit PIA National's Streaming Media Center.

PIA supports comprehensive reforms to the National Flood Insurance Program (NFIP). PIA:

  • Opposes the addition of multiple peril (wind) coverage to the NFIP.
  • Supports multi-year authorization of NFIP by Congress, in this case five years, in order to operate a balanced, consistent program.
  • Supports the forgiveness of the NFIP’s debt, currently at $18.75 billion.
  • Supports coordinated flood coverage for commercial policies in the area of business interruption insurance (BII). BII is currently only available in the private sector property market on a “covered peril” basis.

To learn more about PIA's position on the National Flood Insurance Program, read the March 2010 NFIP PIA Position Paper (PDF file).

    



Patricia A. Borowski
Sr. VP, Government/Regulatory Affairs
patbo@pianet.org
(703) 518-1360

Mike Becker
Director of Federal Affairs
mikebe@pianet.org 
(703) 518-1365

 

This Is Flood Safety Awareness Week

FEMA Revises Guidance for Flood Policies Affected by Two-Day Lapse

Flood Insurance Program Reauthorization Passes, FEMA Issues Bulletin

Senate Passes Temporary Extension of National Flood Insurance Program