Claims News Service, Nov. 11, 11:45 a.m. EST — The Independent Insurance Agents & Brokers of America (the Big "I") has released a set of 22 recommendations for needed improvements to the National Flood Insurance Program (NFIP).
The recommendations, if adopted, would modernize coverage, simplify processing and claims and expedite enforcement, and would also bring about many other needed reforms to this vital national program.
The proposal has six sections, including modernization of coverage; actuarial pricing/subsidization considerations; mandatory coverage/take-up rates; processing & claims simplification; enforcement; and miscellaneous suggestions.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
