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By Arthur D. Postal, PropertyCasualty360.com |
February 1, 2012
Flood insurance program extended through May, but long-term reauthorization is still uncertain
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By Arthur D. Postal, PropertyCasualty360.com |
December 2, 2011
The Senate is preparing to vote on legislation next week which would extend the current National Flood Insurance Program for at least six months, confirming that the outlook for a long-term extension for the program any time soon remains cloudy at best.
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By Arthur D. Postal, PropertyCasualty360.com |
September 16, 2011
Extension of the National Flood Insurance Program (NFIP) could be complicated by the decision of members of the Senate Banking Committee to provide bipartisan support for adding a provision in the NFIP that would split the difference on the sensitive “wind-vs.-water issue.”
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By Arthur D. Postal, PropertyCasualty360.com |
September 15, 2011
A proposed amendment to the National Flood Insurance Program that would split the difference on the sensitive wind-versus-water issue is being criticized as limited in scope and of questionable value to consumers.
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By Arthur D. Postal, PropertyCasualty360.com |
September 9, 2011
The Thursday decision of the Senate Banking Committee to support the idea of splitting the difference on the wind-v-water issue is setting off a fierce, albeit behind-the-scenes, lobbying campaign within the insurance industry.
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September 9, 2011
Word that Sen. Roger Wicker, R-Miss., had introduced an amendment that would end the Terrorism Risk Insurance Act (TRIA) in 2013 sent the insurance industry scrambling to persuade Wicker to drop his plan.
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By Arthur D. Postal, PropertyCasualty360.com |
September 8, 2011
Legislation reauthorizing the National Flood Insurance Program until Sept. 30, 2016 was reported to the Senate floor today by the Senate Banking Committee.
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By Arthur D. Postal, PropertyCasualty360.com |
September 8, 2011
A Mississippi senator withdrew his amendment to flood-insurance reauthorization legislation that would have terminated the Terrorism Risk Insurance Act in 2013, a year earlier than authorized in 2007 legislation.
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By Arthur D. Postal, PropertyCasualty360.com |
September 7, 2011
A senator plans to revive the sensitive “wind-vs.-water” issue by introducing an amendment to the Senate bill reauthorizing the National Flood Insurance Program when it is marked up Thursday.
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By Arthur D. Postal, PropertyCasualty360.com |
September 7, 2011
An amendment that would “sunset” or end the Terrorism Risk Insurance Act in 2013 will be offered Thursday as an amendment to the legislation reauthorizing the National Flood Insurance Program.
