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Self-Insurers and Risk Managers (SIRM)

The Self-Insurers and Risk Managers (SIRM) Committee brings together attorneys, self-insurers, and risk management professionals. Membership in SIRM will enhance your opportunities to connect with and learn from business and legal leaders about self-insurance and the efficient management of risk. Our goal is to provide value to SIRM and TIPS members, a forum for thought leadership, and a "home" for a variety of professionals within TIPS.

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Private Flood Insurance Rule For Lenders Takes Effect as Congress Mulls Further NFIP Reforms

By Timothy H. Penn - On July 1, 2019, a final rule became effective on the acceptance of private flood insurance by lenders to satisfy mandatory flood insurance purchase requirements for properties located in special flood hazard areas. The rule marked the end of a six year effort by financial institution regulators to implement part of the Biggert-Waters Flood Insurance Reform Act of 20121 (BW12) intended to increase acceptance and availability of private flood insurance coverage. -- Read More in the Workers’ Compensation and Employer Liability Committee newsletter --