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).