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LOUISIANAAGENT
BIG 'I' APPLAUDS REINTRODUCTION OF FLOOD INSURANCE BILL IN HOUSE Legislation would ensure private policies satisfy NFIP continuous coverage requirements
The Independent Insurance Agents & Brokers of America (the Big “I”) today applauded Reps. Kathy Castor (D-Florida) and Blaine Luetkemeyer (R-Missouri) for introducing H.R. 4699, the “Continuous Coverage for Flood Insurance Act.” The legislation would allow for private flood insurance to satisfy National Flood Insurance Program (NFIP) continuous coverage requirements.
“The Big ‘I’ thanks Reps. Castor and Luetkemeyer for introducing this important legislation that clarifies that having an active flood insurance policy, whether through the NFIP or through the private market, should be considered continuous coverage for purposes of NFIP rating requirements,” says Charles Symington, Big “I” senior vice president of external, industry and government affairs. “The Big ‘I’ continues to support the development of a private market as a complement to the NFIP, and this legislation is of vital importance to that goal.
ABOUT IIABA Founded in 1896, the Independent Insurance Agents & Brokers of America (the Big “I”) is the nation’s oldest and largest national association of independent insurance agents and brokers, representing more than 25,000 agency locations united under the Trusted Choice® brand. Trusted Choice independent agents offer consumers all types of insurance— property, casualty, life, health, employee benefit plans and retirement products —from a variety of insurance companies.
