Obama administration

• Senate Majority Leader Seeks Compromise on Bill to Delay NFIP Rate Hikes

  By Arthur D. Postal, PropertyCasualty360.com  |  May 10, 2013

  Senate Majority Leader Harry Reid is taking extraordinary steps to force a compromise on a proposed amendment to pending legislation that would indefinitely delay politically-sensitive hikes in flood insurance premiums scheduled to go into effect next year.

• Treasury Undersecretary: No More Bailouts, Regardless of Size

  By Arthur D. Postal, PropertyCasualty360.com  |  April 19, 2013

  There will be no more bailouts of financial institutions, a top official of the Obama administration says in what appears to be an attempt to pre-empt Republican efforts to water down the Dodd-Frank Act.

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  Parts of Obama Budget Spark Debate Over Cost, Availability of Insurance

  By Arthur D. Postal, PropertyCasualty360.com  |  April 11, 2013

  The Obama administration has again revived its proposal to reduce the tax benefits foreign insurers receive by ceding U.S. property and casualty premiums to their foreign affiliates.

• U.S. Places Sanctions on Iranian Firms That Insure Oil Shipments

  By Timothy Gardner, Reuters  |  March 18, 2013

  The Obama administration has imposed sanctions on Iranian companies it says provide insurance services to the country's main petroleum shipper, part of the latest U.S. effort to choke funding to Iran's disputed nuclear program.

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  Federal Insurance Office Regulatory Report Coming by July

  By Arthur D. Postal, PropertyCasualty360.com  |  March 13, 2013

  The Federal Insurance Office says it will release its long-awaited report on recommendations for modernizing and improving insurance regulation before July.

• Case Studies in Environmental Risk Management

  By Dave Lenckus  |  February 4, 2013

  Managing environmental risk can take many different forms as organizations wrestle with challenges that vary widely depending on the industry they are in, the rules under which they operate and the loss-prevention strategies that work best for the specific perils they face.

• Highways and Byways

  By Ken Brownlee, CPCU  |  January 28, 2013

  Which states seem to be investing in their roads and highways while safeguarding those who navigate them?

• Industry Applauds Nelson Selection at NAIC

  By Arthur D. Postal and Elizabeth D. Festa  |  January 22, 2013

  Insurance interests in Washington are both publicly and privately ecstatic over the decision of the National Association of Insurance Commissioners to name former Nebraska Sen. Ben Nelson as its new chief executive officer.

• 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.

• 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.

• Senator Says Looking at All Options on NFIP Borrowing Authority; PIA Supports President's Request

  By Arthur D. Postal, PropertyCasualty360.com  |  December 11, 2012

  The chairman of the Senate Banking Committee today hedged when asked whether he would support a 50 percent increase in the borrowing authority of the National Flood Insurance Program.

• 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.

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  Obama Administration Asks for a Near $10B Increase in NFIP Borrowing Authority

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

  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.

• 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.

• Arizona Declines to Set Up State-Based Health Insurance Exchange

  By David Schwartz, Reuters  |  November 29, 2012

  Arizona Governor Jan Brewer said on Wednesday she was rejecting a major provision of President Barack Obama's healthcare reform law that calls for creating state-based health insurance markets where consumers can purchase private, federally subsidized coverage.

• 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.