Next week, the Big “I" will sit down for a live streaming interview with David Maurstad, who will now oversee the NFIP. Maurstad, a former Big “I" Nebraska Young Agent of the Year, is stepping in for Roy Wright, who announced earlier this month he was leaving the NFIP to oversee the Insurance Institute for Business and Home Safety.
Maurstad will join the Big “I" on Facebook Live at 10:15 a.m. ET this upcoming Monday, April 23 to discuss the future of the NFIP and what FEMA is doing to make flood insurance more accessible to agents and consumers everywhere.
The NFIP serves over 5 million policyholders across more than 22,000 communities and is the primary source of flood insurance in the U.S. However, many properties impacted by Hurricanes Harvey, Irma and Maria were not covered by flood insurance, revealing a need to increase flood insurance take-up rates.
The April 23 discussion with Maurstad will cover what FEMA is doing to create a culture of preparedness and close the flood insurance coverage gap, as well as what insurance agents can do to help.
Maurstad will also discuss the future of the NFIP. Last month, Congress reauthorized the NFIP through July 31, while it continues to debate potential reforms to the program. Reauthorization of the NFIP is a major issue at this week's Big “I" Legislative Conference in Washington, D.C.
Also this week, FEMA released a new affordability study, which found that many homeowners struggle to afford flood insurance and urges Congress to consider solutions. The Big “I" will continue to work with FEMA and Congress to address flood insurance affordability concerns.
Don't forget to join us on the Big “I" Facebook page at 10:15 a.m. ET on Monday, April 23 to hear Maurstad discuss all things flood insurance.