Editor's note: Arthur D. Postal writes a weekly column for PC360 on insurance-related developments in Washington. Prevoiusly, he was National Underwriter's Washington Bureau chief. Opinions expressed are the author's own.
Personal lines insurers and their captive and independent agents will be paying close attention this week as the House works to craft a politically acceptable bill that will delay or reduce National Flood Insurance Program premium increases mandated by a 2012 law.
That's because House conservatives are demanding that any reduction from current revenue yielded by the 2012 bill — such as a rollback of the rate increases — be paid for through other means, and fees paid to Write-Your-Own Companies and their agents were rumored to be among the usual suspects.
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