President Obama signed into law an extension of the National Flood Insurance Program (NFIP) until Sept. 30. The bill is H.R. 5569, the "National Insurance Program Extension Act of 2010."

Financial services regulatory reform legislation establishing a Federal Insurance Office with limited authority was passed last week by the House of Representatives, setting the stage for Senate action after the July 4 recess.

WASHINGTON--President Obama on Friday morning signed into law an extension of the National Flood Insurance Program until Sept. 30.

Crop insurers said late Thursday the industry and the crop insurance program will be able to "withstand" the severe cuts in subsidies imposed on the program by the Agriculture Department.

Property and casualty insurance trade groups are voicing general support for financial services reform legislation as passed by the House, especially because it preserves state regulation of insurance.

The Senate, last night, extended the long delayed National Flood Insurance Program, an action that one agent group declared unacceptable due to political wrangling.

The Senate, last night, extended the long delayed National Flood Insurance Program.

The House took an important step toward reforming financial services industry regulation last night, passing legislation that would for the first time establish a federal office designed to deal with insurance activities.