Published Since 1934 • Dallas, Texas
May 19, 2011 • Vol. 77 No. 10
House Committee’s Approval of
NFIP Reform Hailed by Industry
WASHINGTON—The Flood Insurance Reform Act of 2011 is said
to provide much-needed improvements to the program, which is an essential component of protecting the
homes and businesses of U.S. citizens that may incur losses as a result
of flooding.
AIA & Mississippi Mud
Leigh Ann Pusey, president and CEO
of the American Insurance Association (AIA), issued a statement in support of the House Financial Services
Committee’s approval of legislation
pertaining to the National Flood Insurance Program (NFIP). “Given the
current flooding taking place on the
Mississippi river, it is especially critical to get a long-term extension of the
program in place so that this debate
can move beyond Congress, and residents in flood-prone areas can have
the stability in the program they so
desperately need to insure their homes
and businesses,” said Pusey.
“It is our sincere hope that the full
House will vote on this bill soon and
the Senate will do the same.”
Big “I” Happy with HR 1309
The Independent Insurance Agents
& Brokers of America (IIABA or the
Big “I”) issued the following statement lauding passage of H.R. 1309,
the “Flood Insurance Reform Act of
2011,” in the U.S. House of Representatives Committee on Financial
Services. The legislation would extend
the National Flood Insurance Program
continued on page 4
New FEMA Flood Maps
Show Current Risks
In This Issue
TDI Posts March Enforcements
3
Online Workers Compensation
Manuals Updated
8
DENTON—Texas homeowners, business and residential renters, and business owners who do not have flood
insurance are encouraged to buy coverage now to get the best possible premiums before new flood insurance rate
maps go into effect.
The new Hill County flood maps, which
include all of the communities in Hill
County, become effective on Thursday,
June 2, giving those who haven’t purchased flood insurance yet time to get
the best possible premiums to protect
their property from potential flooding.
“While many people are required by
mortgage and lending companies to
have flood insurance, FEMA and the
National Flood Insurance Program
(NFIP) strongly recommend that everyone have flood insurance,” said
Region 6 Administrator Tony Russell. “The reason is simple: You don’t
have to be in a mapped floodplain to
flood.”
Current policyholders and those planning to purchase NFIP protection are
strongly encouraged to contact their
insurance agent or company to ensure
that they have adequate coverage for
building and contents that accounts
continued on page 8
LETTERS TO THE EDITOR:
A Laurel & Hardy Handshake(s)
9
Market Holds at 4%
Composite Rate Reductions
10
AIA Testifies on Systemic Risk
11
Rising Energy Prices’ Effects on the
Economy Will Impact Ratemaking 12
National Safe Boating Week Kicks
Off Recreational Boating Season 14
SELLING STRATEGIES: Stupid
Things That Salespeople Say and Do 16
HO Risk Reduction on the Cheap 18
Walsh, Breuer to Address World’s
Largest Anti-Fraud Gathering 19
NEWSPAPER/$2.00
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