A national group is urging President Barack Obama to push Congress to make “meaningful reform” to the National Flood Insurance Program when he gives his State of the Union Address.
The National Flood Insurance Program has received another temporary extension, this time through May 31, 2012, meaning its future will remain in question for another year.
The U.S. Senate unanimously extended the National Flood Insurance Program (NFIP) through May 31, 2012, and the House of Representatives passed a bill reforming and extending it for five years the NFIP.
Two insurance industry trade groups, one in Pennsylvania and the other in Delaware, have notified the National Association of Professional Insurance Agents (PIA) that they will cease their affiliation, effective Jan. 1, 2012.
Legislation extending the National Flood Insurance Program (NFIP) to Nov. 18 passed today (Oct. 4), just days after the federal program, nearing expiration, was extended for a week.
President Barack Obama supports reforming the National Flood Insurance Program (NFIP) by eliminating the premium subsidy for certain properties, an act that would help to save about $4.2 billion in the next decade.
The National Flood Insurance Program, set to expire Sept. 30, could be extended to Nov. 18 with anticipated congressional action, according to an industry trade group.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.