Barack Obama News

House Joins Senate in Extending Flood Insurance for 1 Year

The U.S. Senate and the House of Representatives have both approved a one-year reauthorization of the nation’s flood insurance program. The measure, S. 3814, will extend the National Flood Insurance Program (NFIP) until Sept. 30, 2011. As of press time …

President Obama Signs 1-Year Flood Insurance Bill

It’s official: the federal flood insurance program will be around for at least one more year. President Obama yesterday signed into law S. 3814, the bill that will extend the National Flood Insurance Program (NFIP) until Sept. 30, 2011. Without …

U.S. Expects Plan to End Government Ties to AIG By Next Week: Report

The Obama administration hopes to announce by next week a plan to end its support of insurance giant American International Group Inc., the New York Times reported Tuesday, quoting unnamed sources. That announcement would come ahead of the November 2 …

Help Wanted: U.S. Insurance Chief; Salary to $179K, Good Benefits; D.C. Office

The U.S. Treasury is looking for a Director of the Federal Insurance Office. The full-time job pays $119,554 to $179,700 per year depending on experience. Applications will be accepted from all qualified individuals until Oct. 20. Those are some of …

Schwarzenegger Rejects Pet Insurance Bill

Animal lovers won’t get relief navigating insurance policies for their pets after Gov. Arnold Schwarzenegger vetoed a bill requiring greater disclosure. The Republican governor vetoed legislation that would required insurance companies to provide more information about the level of veterinary …

House Joins Senate in Extending Flood Insurance for 1 Year

The House of Representatives joined the Senate yesterday in approving a one-year reauthorization of the nation’s flood insurance program. The measure, S. 3814, will extend the National Flood Insurance Program (NFIP) until Sept. 30, 2011. The measure now goes to …

Connecticut Officials Ask Obama for Tornado Damage Aid

Connecticut’s congressional delegation is asking President Obama to reconsider the denial of federal aid for tornado-related damage in Fairfield County. The delegation wrote to Obama on Tuesday saying the Federal Emergency Management Agency’s rejection of the aid will deprive property …

Illinois Department of Insurance Highlights Pending Health Reform Changes

The Illinois Department of Insurance is reminding Illinois families and employers that significant new health insurance benefits and protections become effective Sept. 23, 2010. The changes — a result of the Patient Protection and Affordable Care Act (the “Act”) signed …

Senate Panel to Hear Extending Flood Insurance Program This Week

The National Flood Insurance Program (NFIP) is set to expire on Sept. 30, just as the 2010 Atlantic Hurricane Season reaches its height. The House has already passed an extension, while a Senate panel is slated to hear a bill …

Warren Vows to End Financial ‘Tricks and Traps’ with New Consumer Agency

Wall Street critic Elizabeth Warren said Friday she accepted the job of setting up a consumer financial protection agency for U.S. President Barack Obama and declared that the time for financial “tricks and traps” was over. Obama was expected to …