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The property and casualty insurance industry should wake up and smell the coffee, as it finds itself fighting a two-front war in Washington with no clear path ahead.

The property and casualty insurance industry should wake up and smell the coffee, as it finds itself fighting a two-front war in Washington with no clear path ahead.

The Obama administration has cited increases in crop insurance subsidies as one of the reasons it has threatened to veto the Farm Bill.

The Obama administration has cited increases in crop insurance subsidies as one of the reasons it has threatened to veto the Farm Bill.

The fault lines between domestic and offshore insurers again opened due to bills in the House and Senate of legislation that would reduce the tax benefits foreign insurers receive by ceding U.S. property and casualty premiums to their foreign affiliates.

The fault lines between domestic and offshore insurers again opened due to bills in the House and Senate of legislation that would reduce the tax benefits foreign insurers receive by ceding U.S. property and casualty premiums to their foreign affiliates.

U.S. Senator Charles Schumer, D-N.Y., made clear to the Treasury Department that renewal of the Terrorism Risk Insurance Act will be one of his top priorities for this Congress. Treasury Secretary designate Jacob Lew says he is not familiar with Obama administration stance on the issue.

U.S. Senator Charles Schumer, D-N.Y., made clear to the Treasury Department that renewal of the Terrorism Risk Insurance Act will be one of his top priorities for this Congress. Treasury Secretary designate Jacob Lew says he is not familiar with Obama administration stance on the issue.