The National Flood Insurance Program has been allowed to expire once again, a victim of a feud between the House and Senate over proposed legislative changes for NFIP.
The National Flood Insurance Program will be allowed to expire once again, a victim of a feud between the House and Senate over proposed legislative changes for NFIP.
Angry over Senate tax law proposals, the House is holding up action on a Senate measure that would extend the National Flood Insurance Program through the end of the year.
Insurance industry officials pressed Congress for longer-term action on reauthorization of the National Flood Insurance Program after a delay in the U.S. Senate allowed the plan to expire.
After a lawmaker agreed to drop his objections, the Senate voted final approval on March 3 for legislation that included a reauthorization of the National Flood Insurance Program.
Surplus lines insurer executives are tackling the challenges of 2010 with a broad range of strategies, but whatever individual approaches they may adopt, all say their main focus is on strengthening wholesaler relationships.
After a lawmaker agreed to drop his objections, the Senate voted final approval for legislation that included a reauthorization of the National Flood Insurance Program.
Did the availability of directors and officers liability insurance products contribute to the credit crisis fueled by investment firms that securitized subprime mortgages and other debt obligations?