The Senate Banking Committee today approved Roy Woodall to be the independent member of the Financial Stability Oversight Council with insurance expertise and sent the nomination to the full Senate for final approval.

The Senate Banking Committee today approved Roy Woodall to be the independent member of the Financial Stability Oversight Council with insurance expertise and sent the nomination to the full Senate for final approval.

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.

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.

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.

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.

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.

The American Insurance Association is asking international financial services regulators to reflect U.S. policy and therefore allow state regulators to wind down the insurance subsidiaries of troubled global financial firms.