The National Flood Insurance Program’s new premium rating methodology, Risk Rating 2.0 will go into effect Oct. 1, 2021, for new policies, but for policies that renew between Oct. 1, 2021, and April 1, 2022, the Rating 2.0 rates also are available, if they are...
WHAT?!?!—FEMA Risk Rating 2.0
Not up-to-date with the Federal Emergency Management Agency’s new Risk Rating 2.0? Consider this a crash course in the new flood rating methodology, which will be rolled out in two phases starting Friday, Oct. 1, 2021. Risk Rating 2.0 is an innovative theory, and we...
A legacy: NFIP rating system’s past and future
Traditionally, a legacy is something that is handed down from one generation to the next. In the legal world, it is literally an amount of money or property left to someone. More philosophically, a legacy can be an idea, mission, or purpose that future generations are...
Weekly Dispatch: Dec. 22, 2021
AM Best predicts insurers can manage tornado losses. PIA teaches agents more about the National Flood Insurance Program’s Risk Rating 2.0. And, Gov. Lamont announces commission to approve support for small businesses. Plus, you can read about state-specific industry news, advocacy updates, technical resources and upcoming events in this issue of the Weekly Dispatch.
Weekly Dispatch: Oct. 28, 2021
PIA National-member agencies will continue to be provided with a complimentary license to use ACORD forms in 2022. WC disability benefits were adjusted in Connecticut. And, agents can register for the National Flood Insurance Program’s new Risk Rating 2.0 training session. Plus, you can read about state-specific industry news, advocacy updates, technical resources, education opportunities and upcoming events in this issue of the Weekly Dispatch.
Weekly Dispatch: Oct. 7, 2021
President Biden signs legislation to extend federal funding and the National Flood Insurance Program. PIA National elects PIANY past President Richard A. Savino, CIC, CPIA, as the vice president/treasurer for the 2021-22 administrative year. And, PIA introduces a frequently-asked-questions series on the NFIP’s Risk Rating 2.0. Plus, you can read about state-specific industry news, advocacy updates, technical resources, education opportunities and upcoming events in this issue of the Weekly Dispatch.
Weekly Dispatch: Sept. 30, 2021
Several U.S. senators have called on the Federal Emergency Management Agency to delay the implementation of the National Flood Insurance Program’s Risk Rating 2.0. The U.S. Senate blocked the continuing resolution that would extend the NFIP. And, the cannabis safe harbor bill passed the U.S. House of Representatives. Plus, you can read about state-specific industry news, advocacy updates, technical resources and upcoming events in this issue of the Weekly Dispatch.
Weekly Dispatch: Sept. 16, 2021
PIA has asked the Federal Emergency Management Agency to delay the roll out of the National Flood Insurance Program’s Risk Rating 2.0. The deadline to fill out your PIA Company Representation Survey is next week. And, PIANY has named its officers and board of directors for the 2021-22 administrative year. Plus, you can read about state-specific industry news, advocacy updates and upcoming events in this issue of the Weekly Dispatch.
Weekly Dispatch: Sept. 2, 2021
Business-interruption disclosures are due to New Jersey commercial policyholders by Sunday, Nov. 14, 2021. PIA can teach you what you need to know about the National Flood Insurance Program’s Risk Rating 2.0. And, the New York State Insurance Fund now can work with out-of-state carriers to provide workers’ compensation coverage for New York employers with out-of-state employees. Plus, you can read about state-specific industry news, compliance issues, advocacy updates, technical resources, education opportunities and upcoming events in this issue of the Weekly Dispatch.
Weekly Dispatch: Aug. 19, 2021
The National Association of Insurance Commissioners’ Financial Regulations Standards and Accreditation Committee accredited the New Jersey Department of Banking and Insurance. New York State Department of Financial Services Superintendent Linda A. Lacewell announced her resignation. And, you can make sure that you are up-to-date with the latest information about the Federal Emergency Management Agency’s Risk Rating 2.0 methodology. Plus, you can read about state-specific industry news, advocacy updates, technical resources, opportunities to earn continuing-education credits and upcoming events in this issue of the Weekly Dispatch.