Congressional Budget Office

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  Congress Kicks NFIP Can Down the Road, Barely

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

  The National Flood Insurance Program is operating on a temporary reauthorization that expires Friday as Washington continues to play winner-take-all politics.

• HLC: Medicare Changes Should Include Med-Mal Damages Cap

  By Arthur D. Postal, PropertyCasualty360.com  |  September 16, 2011

  The healthcare industry is telling the congressional “super committee” that changes in the Medicare program to reduce costs should include medical liability reform.

• Med-Mal Reform Included in Deficit-Reduction Proposal

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

  A medical-liability insurance trade group is praising the decision of the “gang of six” deficit-reduction panel to include a mandate in its plan for Congress to enact medical-malpractice reform.

• Still Afloat

  By Ted Besesparis  |  June 1, 2011

  Once again, we face a looming expiration of the National Flood Insurance Program (NFIP), with the program’s authorization set to expire on September 30 of this year. NFIP has received temporary reauthorizations eight times since 2008 and has gone into technical lapse on several occasions.

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  House Committee To Mark Up Flood Bill; Study Shows Inadequate NFIP Rates

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

  The House Financial Services Committee plans to mark up legislation reauthorizing and reforming the National Flood Program May 12, according to industry officials.

• House Republicans Introduce MICRA-Like Federal Med Mal Bill

  By Arthur D. Postal, PropertyCasualty360.com  |  February 7, 2011

  Legislation setting federal limits on medical liability claims, modeled after California’s 30-year-old medical liability law, was introduced in the House late last Monday. It imposes a $250,000 cap on…

• Republican House Leadership Puts Med Mal In Focus At Hearing

  By Arthur D. Postal, PropertyCasualty360.com  |  January 24, 2011

  An advocate for medical liability reform contended at a congressional hearing Thursday that there is “no question” that medical lawsuit abuse is “undermining both our health care system and the doctor-patient relationship.”

• CBO Lowers AIG Bailout Loss Estimate

  By Arthur D. Postal, PropertyCasualty360.com  |  December 1, 2010

  The Congressional Budget Office today released a report slashing its estimate of the government's cost of bailing out American International Group to $14 billion--a steep drop from its March estimate of $36 billion.

• CBO Lowers AIG Bailout Loss Estimate

  By Arthur D. Postal, PropertyCasualty360.com  |  November 30, 2010

  The Congressional Budget Office today released a report slashing its estimate of the government's cost of bailing out American International Group to $14 billion--a steep drop from its March estimate of $36 billion.

• Losses Still Expected On AIG Investment

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

  AIG still relies largely on government funding for capital and liquidity, and "most observers" expect that the AIG Investment Program will generate "significant losses" to U.S. taxpayers.

• New Report Casts Doubt On Government's AIG Investment, TARP

  By Arthur D. Postal, PropertyCasualty360.com  |  September 16, 2010

  American International Group (AIG) still relies largely on government funding for capital and liquidity, and "most observers" expect that the AIG Investment Program will

• Tort Reform Necessary To Cutting Health Care Costs

  By Arthur D. Postal, PropertyCasualty360.com  |  September 14, 2010

  A trade group representing medical professional liability insurance companies pointed to a new study indicating that physicians practicing defense medicine cost the U.S. health system $45 billion annually.

• Adding Wind To NFIP 'Easy Money' For Industry, Legislator's Rep Says

  By Phil Gusman, PropertyCasualty360.com  |  July 20, 2010

  Adding wind coverage to the National Flood Insurance Program would benefit insurers by flowing premium dollars to them while removing risk and capital costs from the private sector, a House legislator's office said.

• House to Consider Long-Term Flood Program Extension

  By Arthur D. Postal, PropertyCasualty360.com  |  July 13, 2010

  The House leadership is hoping to process as early as Wednesday legislation that would provide certainty to the National Flood Insurance Program.

• House To Consider Long-Term Flood Program Extension

  By Arthur D. Postal, PropertyCasualty360.com  |  July 12, 2010

  The House leadership is hoping to process as early as Wednesday, legislation that would provide certainty to the National Flood Insurance Program.

• Fin. Svcs. Conferees Reconvene To Address Tax Disputes

  By Arthur D. Postal, PropertyCasualty360.com  |  June 29, 2010

  Negotiators on financial services reform legislation reopened the conference this afternoon to remove a $19 billion bank tax that potentially imperiled Senate passage this week.