The House Financial Services Committee recently released a summary of provisions expected to appear in its forthcoming National Flood Insurance Program reauthorization bill. While it is unclear when a final bill will be released, we have crafted an overview of key topics within the Committee’s summary. These topics include: the five-year reauthorization, increasing private market involvement, private market access to FEMA claims data, increasing take-up rates, affordability/stability for policyholders, financial soundness of the NFIP and other general areas covered in the legislation summary.
Click here for the overview, which identifies and prioritizes Council issues within the NFIP reauthorization legislation.
Click here for an overview and comparison of Flood Insurance Reform/Reauthorization Proposals, produced by our legal team at Steptoe & Johnson.