For disaster victims rebuilding their homes, towns and lives, the anxiety is matched only by anger at Congress for entangling their future in a political battle over government spending. A sharply divided Congress has repeatedly rejected a deal that included …
With aid to disaster victims running out, the U.S. Senate Democratic leader Friday vowed to hold a quick vote to defeat a House-passed spending bill, clearing the way for negotiations to avoid a government shutdown. Senate Majority Leader Harry Reid …
The number of people in the Northeastern United States who suffered water damage from Hurricane Irene is more than double the number who suffered wind damage, an Ipsos/Reuters poll showed Thursday. Yet two weeks after the storm struck, only 6 …
The House of Representatives unexpectedly defeated a bill that would fund the federal government [including the federal flood insurance program] past Sept. 30 Wednesday as dozens of Republicans broke with their party to push for deeper spending cuts. The unexpected …
The National Association of Mutual Insurance Companies (NAMIC) presented the Federal Legislator of the Year Award to U.S. Rep. Judy Biggert, R-Ill., at its annual convention in Indianapolis. ‘Rep. Biggert is a well-respected member of the House Financial Services Committee, …
President Barack Obama endorsed key elements of a U.S. flood insurance reform bill passed by the House in the tax and deficit plan he unveiled Monday, even as the reform has stalled in the Senate without a clear path forward. …
Congress is poised to pass yet another short-term extension of the federal flood insurance program, giving it more time to consider two competing bills reforming the debt-ridden program. The House could vote this Wednesday on a measure that would extend …
Senate leaders have agreed to consider a provision designed to help settle wind versus water claims in a more timely and equitable manner as part of reauthorization of the federal flood insurance program. The provision’s sponsor, Sen. Roger Wicker, R.-Miss., …
Federal flood insurance has already paid out $43 million to help policyholders deal with the damage caused by flooding along the Missouri River even though the floodwaters haven’t fully receded. The Federal Emergency Management Agency said those payments went to …
Loss estimates from Hurricane Irene continued to fall and ratings agencies said insurers would have no problem with claims, helping boost insurance industry shares Wednesday. The relatively limited losses that Irene appears to have caused to the private insurance industry …
