THE WEEK IN A MINUTE, 11/16/17

The III’s Michael Barry briefs our membership every week on key insurance related stories. Here are some highlights:

The U.S. House of Representatives approved on Tuesday, November 14, the 21st Century Flood Reform Act. It calls for a five-year extension of FEMA’s National Flood Insurance Program (NFIP).  The NFIP is due to expire on Friday, December 8, 2017.

Hurricane Irma has to date generated an estimated $5.87 billion in insured claim payouts in Florida, according to the state’s Office of Insurance Regulation (OIR).

The American Heart Association’s new blood-pressure guidelines could impact how life insurers underwrite their policies, the I.I.I.’s chief economist, Dr. Steven Weisbart, told PolicyGenius.com.

 

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