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The opioid crisis that currently exists in the U.S. has been fermenting since the 1990s.

The Flood Insurance Market Parity and Modernization Act would expand options for consumers, advocates say.

A divided House Financial Services Committee advanced to the House floor today legislation that sets a path to phase out, after five years, the federal backup for terrorism risk insurance for attacks except for NBCR events. Legislation establishing NARAB was attached to the bill.

A divided House Financial Services Committee advanced to the House floor today legislation that sets a path to phase out, after five years, the federal backup for terrorism risk insurance for attacks except for NBCR events. Legislation establishing NARAB was attached to the bill.

The Terrorism Risk Insurance Act would be reauthorized in its present form but with much greater industry liability for five years under legislation to be unveiled today by House FSC Republicans, a compromise from an earlier draft calling for a three-year extension.

Rep. Jeb Hensarling, R-Texas, was named by Republicans as the new head of the House Financial Services Committee, while Rep. Ed Royce, R-Calif., a key figure on insurance-regulatory issues, was named chairman of the Foreign Affairs Committee.

Rep. Jeb Hensarling, R-Texas, was named by Republicans as the new head of the House Financial Services Committee, while Rep. Ed Royce, R-Calif., a key figure on insurance-regulatory issues, was named chairman of the Foreign Affairs Committee.

The house of representatives is likely to take up legislation that would reauthorize the National Flood Insurance Program for five years before Memorial Day, hopefully providing certainty for a program that has lived on the edge since 2008.