NAMIC CALLS FOR HOUSE PASSAGE OF FEMA ACT
The following information was released by the
Testifying on behalf of NAMIC before the
"Emergency management is at its best when all stakeholders are laser-focused on helping affected communities by bending the risk curve before and after storms," he said. "The insurance industry has a long history of working to advance solutions that reduce risk to Americans' housing and infrastructure, and promoting pre-disaster mitigation investment to harden homes and communities against increasingly severe weather."
In recent years, FEMA has struggled to meet the needs of the American people, as Waller's testimony noted there are more than 600 open disaster declarations dating back to 2020 and a backlog of nearly
While focusing on loss prevention ahead of disasters, Waller said FEMA must also be focused, "on the experience of victims in the wake of disasters. No American should be left in limbo for weeks, months, or even years over inconsistent paperwork requirements."
Provisions in the FEMA Act would address the challenges of both pre- and post-disaster management, Waller said, by improving disaster mitigation grant programs for individuals and communities, establishing a task force to clear the declarations backlog, expediting infrastructure repairs, and significantly simplifying the disaster aid application process.
"We all know that when it comes to natural disasters, it's a case of when, not if," Waller said, telling the committee, "your actions regarding the future of this agency will provide meaningful help to Americans in need for years to come."
The committee approved the FEMA Act in


CALPERS HOLDS HEALTH PREMIUM INCREASE TO 4.97% FOR 2027 WHILE ADVANCING CARE QUALITY
TRIPLE-I'S GEORGIA LEGAL SYSTEM ABUSE AWARENESS CAMPAIGN RECOGNIZED WITH BULLDOG SILVER PR AWARD FOR BEST LOCAL/HYPERLOCAL CAMPAIGN
Advisor News
- The conversation almost no advisor is having yet
- Why advisors should offer retirement-longevity planning
- A hybrid approach outperforms the 4% Rule, researchers find
- The missing piece in most retirement plans
- Clients are bringing TikTok insurance advice into advisor meetings
More Advisor NewsAnnuity News
- Industry pushes back on linking ‘financial strength’ to annuity illustrations
- Sammons Enterprises & Sammons Financial Group Respond to Reports
- The Manhattan Life Insurance Company Acquires Union Security Life Insurance Company of New York
- Cayman Islands premier to meet with U.S. reinsurance regulators
- Investigation finds deceptive sales, churning of annuities targeting postal workers
More Annuity NewsHealth/Employee Benefits News
Life Insurance News
- Securian Financial Increases Individual Life Retention to $10 Million, Strengthening Support for High-Net-Worth Life Insurance Market
- Americans without children are less confident about retirement, Allianz finds
- The conversation almost no advisor is having yet
- DELAWARE INSURANCE DEPARTMENT DETAILS REVIEW OF BRIGHTHOUSE ACQUISITION
- Sammons Enterprises & Sammons Financial Group Respond to Reports
More Life Insurance News