Page 2 - Frank Nutter News Today

It was 30 years ago today that Hurricane Andrew, the strongest storm to make U.S. landfall in more than two decades, gouged its way across south Florida,

WASHINGTON, June 8 -- The House Financial Services Subcommittee on Housing, Community Development and Insurance issued the following testimony by Reinsurance Association President Frank Nutter involving a hybrid hearing on May 25, 2022, entitled "Reauthorization and Reform of the National Flood Insurance Program":

WASHINGTON, May 26-- The Reinsurance Association of America issued the following news release on May 25, 2022:. In advance of the September 30, 2022 deadline to reauthorize the National Flood Insurance Program, Frank Nutter, president of the Reinsurance Association of America, today testified before the House Subcommittee on Housing, Community Development...

With this year’s Hurricane season rapidly approaching, the Reinsurance Association of America (RAA) has welcomed the Biden Administration’s pledge for $1 billion in funding for the Federal Emergency Management Agency’s (FEMA’s) Building Resilient Infrastructure and Communities program.

Four bills reintroduced this week to the US congress have proposed a number of reforms to the National Flood Insurance Program (NFIP), among which is the strengthening of FEMA’s authority to purchase reinsurance.

Reinsurance Association of America promotes analytics guru 30-04-2021 31-03-2021 The Reinsurance Association of America (RAA) has promoted Scott Williamson to senior vice president at its annual general meeting on April 28, 2021. Williamson is the director of analytics at the RAA, responsible for its interactive data models and analytics that quantify and communicate the impact of various state and federal regulatory and legislative proposals on the re/insurance industry. He also assists in the...

The Build for Future Disasters Act of 2021, reintroduced by Representatives Andy Barr and Scott Peters, would mean NFIP rates reflect up-to-date flood information for properties built from 2025. These new constructions would not qualify for a subsidy, while structures built before 2025 in flood zones or re-mapped into flood zones would still be eligible for grandfathering subsidies. The bill also requires the U.S. Government Accountability Office to study the feasibility and implications of low...

11-03-2021 As President Joe Biden’s administration places a focus on COVID-19 recovery, four industry experts explain what his presidency means for the re/insurance market. In contrast to the last US President, Joe Biden is more focused on recovery than partisan politics, and he looks set to use his “bully pulpit” to drive significant change in everything from foreign policy to taxation—all of which will impact the re/insurance industry. In particular, the industry is concerned about...

For immediate release NEW YORK, Jan. 28, 2021— The U.S. insurance industry   recognizes governmental policy priorities will change in 2021 given the outcomes of 2020’s elections, a panel agreed today at the  Insurance Information Institute’s  (Triple-I) annual Joint Industry Forum (JIF). “What we have seen is nothing less than a tectonic shift in the power structures in D.C. and that is going to have profound implications for the policy initiatives that are going to be inbound t...

partners serving consumers in the flood program has dropped from 150 to 70 that are actively writing flood insurance over the last six years. while harleysville worked very hard to provide our policyholders with affordable protection, for many insurers, program revenues have been outweighed by growing administrative costs. they are leaving the nfip. the draft does not add too many additional requirements to the nfip. please keep the bill streamlined to insure the program will remain st...