Next month will see a spate of congressional focus on insurance regulatory issues as both houses plan some action before departing on an extended summer vacation and returning for a brief fall session before adjourning to campaign.
Meanwhile, industry officials are voicing hope privately that Congress, sometime in July, will complete work on legislation reauthorizing and reforming the National Flood Insurance Program.
That is because the current authorization for the program runs out Sept. 30, at the end of the current government fiscal year, and members of Congress hope to keep the fall session as brief as possible because it is a presidential election year.
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