Whether State Farm captive agents will continue to be allowed to service flood-insurance policies currently placed through them will be on the agenda when the full House Financial Services Committee takes up legislation reauthorizing the National Flood Insurance Program (NFIP).
The issue is dividing the industry, with State Farm and its supporters on one side, and the Property Casualty Insurers Association of America (PCI), the Independent Insurance Agents and Brokers of America (IIABA), and other similarly situated companies and agents on the other.
FEMA, too, is taking a position, saying it sees no reason current policy should be altered and, whether or not State Farm agents continue to service the policies, other companies and agents can seek to win over these customers through current marketing means.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- 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
© 2025 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.
