Jimi Grande

• House Sandy Aid Vote on Friday Is Only for NFIP Borrowing Authority Increase

  By Arthur D. Postal, PropertyCasualty360.com  |  January 3, 2013

  The House vote Friday on aid to Superstorm Sandy victims will only be for raising the cap on the National Flood Insurance Program's borrowing authority.

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  As Funds Dwindle, NFIP Borrowing Authority Increase Will Have to Wait for 113th Congress

  By Arthur D. Postal, PropertyCasualty360.com  |  January 2, 2013

  House Republicans are going to let the 112th Congress expire Wednesday without action on a Superstorm Sandy relief bill that includes a 50 percent increase in the National Flood Insurance Program’s borrowing authority.

• NFIP Borrowing Authority Increase Competes with Fiscal-Cliff Debate for Senate Action

  By Arthur D. Postal, PropertyCasualty360.com  |  December 27, 2012

  Congress is being told that the NFIP has enough funds to pay Sandy claims until middle or late January as the Senate starts work on an aid package for Sandy victims that includes a 50 percent increase in the program's borrowing authority.

• Medicare Secondary Payment Bill Passes Through Congress

  By Arthur D. Postal, PropertyCasualty360.com  |  December 26, 2012

  Congress has passed legislation sought by the insurance industry and other stakeholders since late 2008 that streamlines enforcement of the Medicare Secondary Payment program.

• NFIP Borrowing Authority Increase Cleared for Senate Vote, but Faces Obstacles in House

  By Arthur D. Postal, PropertyCasualty360.com  |  December 21, 2012

  The fate of what is seen as a needed increase in the borrowing authority of the National Flood Insurance Program before year-end is in doubt as Congress breaks until Wednesday.

• House Passes Industry-Supported Medicare Secondary Payment Bill

  By Arthur D. Postal, PropertyCasualty360.com  |  December 20, 2012

  The House Wednesday passed legislation sought by the insurance industry in three Congresses that would streamline enforcement of the Medicare Secondary Payment program.

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  Rebuilding Year: Top 10 Stories of 2012

  By PC360 Staff  |  December 13, 2012

  In sports terms, 2012 has been what one could call a rebuilding year, as P&C carriers looked to recover from a disastrous 2011 and a string of heavy losses. For many carriers, 2012 was a time to totally reappraise their roster of risks, which meant both exploring new lines of...

• ‘Rebuilding Year’: The Top 10 Stories of 2012

  By Staff Writer  |  December 13, 2012

  In sports terms, 2012 has been what one could call a rebuilding year, as P&C carriers looked to recover from a disastrous 2011 and a string of heavy losses. For many carriers, 2012 was a time to totally reappraise their roster of risks, which meant both exploring new lines of...

• Industry Officials Support Higher NFIP Borrowing Authority; Acknowledge Program's Flaws

  By Arthur D. Postal, PropertyCasualty360.com  |  December 10, 2012

  Insurance-industry officials this weekend voiced strong support for the Obama administration’s request to raise the National Flood Insurance Program’s borrowing authority by 50 percent.

• Sandy Crashes Ashore

  By PC360 Staff  |  November 30, 2012

  Read the latest updates on NFIP borrowing concerns, infrastructure damage and auto claims arising from Superstorm Sandy.

• Industry Continues Offensive on Proposed Fed Regulations at Hearing

  By Arthur D. Postal, PropertyCasualty360.com  |  November 29, 2012

  A top official of State Farm today attacked proposed rules by federal regulators to provide consolidated regulation of insurers that operate thrifts, saying the rules do not make sense and may conflict with existing state-based regulations.

• Regulator: NFIP Borrowing Authority May Need to Be Raised to $30B

  By Arthur D. Postal, PropertyCasualty360.com  |  November 21, 2012

  It may be necessary to raise the National Flood Insurance Program’s borrowing authority to as high as $30 billion to cover claims resulting from Superstorm Sandy, state insurance regulators fear.

• Industry Reps Offer Varying Takes on States' Hurricane-Deductible Decision

  By Arthur D. Postal, PropertyCasualty360.com  |  November 13, 2012

  While one industry representative blasted states’ decisions to bar insurers from invoking hurricane deductibles after superstorm Sandy as an act of “political expediency” that will result in higher rates, another says he believes the state officials “acted within the letter of the law.”

• Associations Weigh In on Election: Status Quo Prevails as Industry Looks Forward

  By Arthur D. Postal, PropertyCasualty360.com  |  November 8, 2012

  In the wake of the election, property and casualty insurance-industry officials promised to work constructively with President Obama, his administration and Congress “to protect and advance” industry interests over the next four years.

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  Senators Join Industry in Calling on Regulators to Avoid Bank-Centric Rules for Insurers

  By Elizabeth Festa, PropertyCasualty360.com  |  October 18, 2012

  Ahead of a comment-period deadline, almost two dozen members of the Senate from both sides of the aisle sent a letter to the top federal-banking regulators warning them that the application of a bank-centric capital regime to the insurance industry would fundamentally alter the nature of the business, undermine prudential...

• NAMIC Reps Rally Behind Building Code Legislation

  By Arthur D. Postal, PropertyCasualty360.com  |  July 26, 2012

  Representatives of an industry association voiced strong support for legislation that would provide additional incentives to states that adopt uniform and enforceable building codes.