The borrowing authority for the National Flood Insurance Program would be increased 50 percent, to $30.4 billion, as part of a Superstorm Sandy supplemental budget request submitted to Congress by the Obama administration late Friday.
Insurance companies and agents joined together Thursday in asking Congress to do no harm to the existing crop-insurance-subsidy program, citing concerns with Obama-administration proposals that call for further cuts.
Insurance companies and agents joined together Thursday in asking Congress to do no harm to the existing crop-insurance-subsidy program, citing concerns with Obama-administration proposals that call for further cuts.
Obama-administration plans to further reduce crop-insurance subsidies could accelerate a consolidation process in the agricultural insurance sector that is already long underway, according to Moodys.
Obama-administration plans to further reduce crop-insurance subsidies could accelerate a consolidation process in the agricultural insurance sector that is already long underway, according to Moodys.
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Consumer advocates are questioning whether the Treasury Department should include an actuary as a member of the proposed Federal Advisory Committee on Insurance, citing a potential conflict of interest, among other concerns.
Former Kentucky Insurance Commissioner Roy Woodall will be President Obama’s nominee for the insurance member of the Financial Stability Oversight Council.