Legislation will be introduced in the House allowing risk retention groups to sell commercial property insurance, according to an industry source.

Guaranty fund trade groups have written Senate Banking Committee members urging them to exclude insurance companies from any legislation creating a separate authority to regulate large financial institutions.

President Obama renewed his attack on health insurers today as he sought to give political cover to House Democrats as they prepared for a tough vote on new health care reform legislation.

Guidance from the Federal Emergency Management Agency regarding the lapse in the National Flood Insurance Program on Monday and Tuesday was revised late yesterday by the agency.

President Obama hopes to get his health care reform bill through the House by March 18, his advisers said yesterday.

The Obama administration, moving again to put the spotlight on health insurers, asked five large carriers to publicly disclose their justification for large rate increases.

Insurance industry officials pressed Congress for longer-term action on reauthorization of the National Flood Insurance Program after a delay in the U.S. Senate allowed the plan to expire.

After a lawmaker agreed to drop his objections, the Senate voted final approval on March 3 for legislation that included a reauthorization of the National Flood Insurance Program.