Big “I” Tells Solons of
homeowner Insurance Crisis

WASHINGTON—The Independent Insurance Agents & Brokers of America (the Big “I”) testified before the U.S. House of Representatives Financial Services Committee Subcommittee on Oversight & Investigations field hearing. The presentation was styled, “The Homeowners’ Insurance Crisis: Solutions for Homeowners, Communities, and Taxpayers.”

What’s Needed The Big “I” testimony focused on the need for a national solution for natural disaster coverage that protects consumers and utilizes the private markets instead of merely state catastrophe funds. The association sees merit in provisions of the Homeowners Defense Act, which includes a national reinsurance backstop for natural disaster insurance, but also

believes there are improvements that can be made.

“The plain truth is that some natural disasters will exceed the financial capacity of state catastrophe funds — only a program that is national in scope will be able to generate enough capacity to cover the most devastating events,” testified the Big “I”.

Not Just on the Damp Edge

The IIABA reminded Congress that natural disasters are not just a coastal issue, it’s a national problem.

“Our members live across the country, serving and living in continued on page 16

PIA Applauds
Passage of h.R. 3139

In This Issue

A Look Inside h.R. 3200 (a health Care Proposal)

WASHINGTON—Agent Groups praised House passage of the National Flood Insurance Program six-month extension.

New Website for CRM International en Español

National Alliance Runs Career Assessment Service on Website

House Financial Services Committee Chairman Barney Frank (D-Mass.) said the flood insurance program needs a major overhaul, but his committee has been too busy dealing with the collapse of the financial system to give the program the time and consideration it needs.

SELLING STRATEGIES: What If? 8

hold Keynotes MarketScout Insurance Symposium

CPCU Program Changes

continued on page 13

The National Association of Professional Insurance Agents (PIA) and the Independent Insurance Agents & Brokers of America (the Big “I”) both commended

The Un-Comfort Zone: Don’t Get Stuck in Reverse by Robert Evans Wilson, Jr.

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