The U.S. Senate Banking Committee has approved legislation to reform the National Flood Insurance Program. The Flood Insurance Reform and Modernization Act of 2007 will now move to the floor of the full Senate. The U.S. House of Representatives passed …
Senate leaders have agreed on a bill to renew the federal terrorism reinsurance program, although without some of the added provisions and for not as long as the House of Representatives wants. The Senate Banking Committee, chaired by Sen. Chris …
Following the assault by the Association of British Insurers on Government funding for flood defenses (See IJ web site Oct. 10), Risk Management Solutions has weighed in with a report that the “£800 million [$1.633 billion] promised by the UK …
New York lawmakers are considering taking action to improve coastal insurance availability while insurance agents are telling them they fear market restrictions are worsening. Insurance companies, meanwhile, claim the state’s homeowners insurance market is fine and are urging public officials …
The New Orleans Police Department, headquartered in trailers since Hurricane Katrina destroyed its buildings in August 2005, missed out on $2.6 million in federal rebuilding aid because it lacked adequate flood insurance, the Federal Emergency Management Agency said. FEMA, in …
Stephen Haddrill, the Director General of the Association of British Insurers (ABI), reproached the UK Government for its failure to do more to protect the country from increased exposures to floods. Responding to the Government’s Comprehensive Spending Review (CSR) on …
5 The number of years recently passed House legislation would reauthorize the National Flood Insurance Program. The measure aims to update the nation’s flood insurance program through 2013, give homeowners the option of purchasing windstorm coverage as part of their …
The Flood Insurance Subcommittee of the American Academy of Actuaries has reviewed the provisions currently in H.R. 3121 that affect the financial well being of the National Flood Insurance Program (NFIP). In particular, we have analyzed the sections of the …
The U.S. House of Representatives passed the Flood Insurance Reform and Modernization Act, H.R. 3121, by a vote of 263-146 on Sept. 27, heating up a topic already on fire. While supporting efforts to modernize and strengthen the National Flood …
House-passed flood insurance bill provides optional windstorm coverage The U.S. House of Representatives has passed a measure updating the nation’s flood insurance program that will give homeowners the option of purchasing windstorm coverage as part of their flood policy. The …
