Articles by Ginger Gibson

Federal Flood Insurance Renewed Through July But Reforms Stall

Advocates who have been pushing for renewal of the U.S. federal flood insurance programs in the wake of last year’s devastating hurricanes and floods praised Congress for extending the program through July 31. But advocates remained concerned that Congress has …

Congress Prepares to Address Flood Insurance Overhaul Again

The latest attempt to overhaul the U.S. federal flood insurance program hit a stumbling block, but a coalition of business and environmental groups renewed its push on Wednesday for lawmakers to enact an overhaul before the program expires on Dec. …

U.S. Flood Insurance Program Expects $11B in Texas Flood Payouts

U.S. officials estimate the FEMA-run National Flood Insurance Program will make $11 billion in payments for flooding in Texas caused by Hurricane Harvey, the program’s administrator Roy Wright said. Additionally, in an attempt to make those payments more quickly, homeowners …

U.S. Chamber Faces Challenges with Trump on Key Issues

The largest U.S. business lobby group on Wednesday said it could be a mistake to quickly repeal Obamacare without developing a replacement healthcare insurance plan and urged the incoming Trump administration not to erect trade barriers. The U.S. Chamber of …

Source Says Anbang in Talks with Kushner for New York Building Overhaul

China’s Anbang Insurance Group is in talks to invest in a project to redevelop a flagship New York City building owned by Kushner Companies, the family real estate business run by U.S. President-elect Donald Trump’s son-in-law Jared Kushner, according to …