Blain Rethmeier

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  Treasury Now Says Next Week Will Bring Clarity to SiFi Issue

  By Arthur D. Postal, PropertyCasualty360.com  |  October 6, 2011

  While legislators were expected to get answers today on measurements the Financial Stability Oversight Council will use in designating insurers as “systemically significant,” Treasury Secretary Timothy Geithner says a meeting next week will offer clarity on that issue.

• NFIP Extension in Jeopardy with Threat of D.C. Closure

  By Arthur D. Postal, PropertyCasualty360.com  |  September 22, 2011

  Critical operations of the National Flood Insurance Program are in danger of being shut down Oct. 1.

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  Industry Hopes Irene Causes NFIP Reauthorization Urgency

  By Arthur D. Postal, PropertyCasualty360.com  |  August 29, 2011

  The Senate Banking Committee plans to take up its version of legislation extending the National Flood Insurance Program (NFIP) on Sept. 8, immediately after Congress returns to work, says an insurance industry lobbyist.

• Former Kentucky Insurance Head Rumored to Fill Industry FSOC Spot

  By Arthur D. Postal, PropertyCasualty360.com  |  June 23, 2011

  The White House is conducting background checks on S. Roy Woodall, a sign that it is finally moving to fill the slot on the Financial Stability Oversight Council reserved for an independent member with insurance expertise.

• Senate Schedules NFIP Hearing

  By Arthur D. Postal, PropertyCasualty360.com  |  June 3, 2011

  Reacting to the ticking clock and pressure from multiple industries, the Senate Banking Committee will take the first step toward reauthorizing the National Flood Insurance Program when it holds a hearing on the issue on June 9.

• GAO Blasts NFIP Shortcomings; Calls On Congress To Reform ‘High-Risk’ Program

  By Arthur D. Postal, PropertyCasualty360.com  |  February 21, 2011

  The Government Accountability Office has sounded the alarm on National Flood Insurance Program shortcomings and has called on Congress to restructure the program.

• Trade Group Calls For Nomination Of FSOC Insurance Voting Member

  By Arthur D. Postal, PropertyCasualty360.com  |  January 19, 2011

  An insurance trade group is urging the Obama administration to promptly nominate the insurance voting member of the Financial Stability Oversight Council.

• #10 NFIP Extended After Multiple Hiccups

  By Arthur D. Postal, PropertyCasualty360.com  |  December 20, 2010

  The National Association of Professional Insurance Agents has described 2010 as a year of "stop-and-starts" for the critical National Flood Insurance Program.

• Senate Okays Flood Cover Extension, But GAO Says Serious Reforms Required

  By Arthur D. Postal, PropertyCasualty360.com  |  September 27, 2010

  The U.S. Senate last week unanimously voted to extend the current National Flood Insurance Program for one year--until Sept. 30, 2011--with industry trade group officials lauding the development and urging the House to also act promptly.

• NFIP Gets One-Year Extension

  By Mark E. Ruquet, PropertyCasualty360.com  |  September 27, 2010

  A bill extending the National Flood Insurance Program for another year passed the House of Representatives yesterday and was sent to the White House.