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Flood Insurance

The Big “I" supports a reformed National Flood Insurance Program (NFIP) and slowly increasing private market involvement. The Big “I" recommends consideration of risk-based rates, where appropriate; modernized mapping; increased use of private reinsurance; and additional mitigation. The Big “I" also supports allowing the private market, where practical, to offer flood insurance as a complement, but not a replacement to the NFIP. Finally, the Big “I" is always working to ensure that any changes to the NFIP recognize the important role of agents in helping consumers make informed decisions about the purchase of NFIP policies for their homes and businesses.

 

2018 Issue Summary

IIABA Flood Advocacy