Friday was an active day for flood insurance reform discussion. Three insurers, including Harleysville Insurance, Ericson Insurance and The Providence Mutual Fire Insurance Co. represented their respective industry associations—Property Casualty Insurers Association of America (PCI), Independent Insurance Agents & Brokers of America (IIABA) and National Association of Mutual Insurance Companies (NAMIC)—before Congress to lobby for further reformation of the National Flood Insurance Program (NFIP).
The Subcommittee on Insurance, Housing and Community Opportunity of the House Financial Services Committee, led by Rep. Judy Biggert, will start a new round of debates over how the nation prepares for floods, according to PCI. As the incoming chair of the subcommittee, Rep. Biggert introduced new draft legislation to reauthorize the NFIP for five years, demonstrating her continued leadership on major issues facing the nation.
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