PIA Supports Request To Raise NFIP Borrowing Authority
|PR Newswire Association LLC|
Backs Obama Administration Call for
The NFIP already carries a
PIA notes that it is unfortunate that reforms to the NFIP as part of the Biggert-Waters Flood Insurance Reform Act of 2012 and signed into law
"Since the NFIP's borrowing authority was raised to
"Not paying valid claims is simply not an option," Harris said. "The federal government has both a legal obligation and a moral imperative to pay to indemnify policyholders for their covered flood losses in policies backed by the NFIP."
PIA serves on working groups formed by the
"Unfortunately, Sandy did not wait for the flood insurance reforms to take full effect," said
Founded in 1931, PIA is a national trade association that represents member insurance agents and their employees who sell and service all kinds of insurance, but specialize in coverage of automobiles, homes and businesses. PIA members are Local Agents Serving Main Street America (SM).PIA's web address is www.pianet.com.
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