The Senate Banking Committee’s discussion on Thursday of proposed reforms to the National Flood Insurance Program (NFIP) was reportedly an important step, and the Independent Insurance Agents & Brokers of America (the Big “I”) hopes to see common-sense changes as …
Republican Rep. Mike Oxley announced this week that he will retire, depriving Congress of one of its most powerful champions for corporate oversight and insurance protection. His departure at the end of his term in January 2007 isn’t likely to …
The U.S. Financial Services Committee is considering the Hurricane Rita Flood Insurance Buy-In-Act, an effort which would make it possible for property owners who did not live in flood plains and had no flood insurance, yet suffered losses in the …
The chairman of the House committee dealing with terrorism insurance and renewal of the Terrorism Risk Insurance Act vowed Wednesday to have a bill out of committee this year. “I am committed to delivering a bill this year,” declared Rep. …
The Treasury Department on June 30 released a long-awaited report on the Terrorism Risk Insurance Act of 2002 that concludes the act should not be renewed by Congress in its current form. The report finds that TRIA has achieved its …
The late U.S. House Speaker Thomas P. “Tip” O’Neill (D-Mass.) is famous for insisting, “All politics is local.” Apparently, O’Neill wasn’t counting the money. When it comes to money in Washington, the biggest players are those with national, not local, …
Between now and the next time Insurance Journal publishes, Americans will have made their choice for president. Judging from the last national election, the polls will have closed but the counting of the votes might still be underway. With the …
The Terrorism Risk Insurance Act’s (TRIA) hard end date of Dec. 31 poses a huge problem for commercial insurance policies taking effect on or after Jan.1, 2005, as the end of the typical one-year policy will extend beyond the sunset …
Republican Candidates Favored ‘Big Time’ in Total Insurance Political Giving The late U.S. House Speaker Thomas P. “Tip” O’Neill (D-Mass.) is famous for insisting, “All politics is local.” Apparently, O’Neill wasn’t counting the money. When it comes to money in …
In what the insurance industry reads as good news, the chairman of the House Financial Services Committee is preparing to send to the full committee a bill to extend the life of the Terrorism Risk Insurance Act (TRIA) for two …
