But another trade organization, the Independent Insurance Agents and Brokers of America, welcomed the legislation, saying it will ensure there is a strong debate in Congress over the most appropriate

Carriers stand by their record of paying most claims under difficult

"The Multiple Peril Insurance Act would allow homeowners to buy insurance and know that all of their damage from wind and water will be covered," Rep. Gene Taylor, D-Miss., said in a statement he

WASHINGTON--A new bi-partisan bill that would expand the National Flood Insurance Program to provide "all-perils" coverage for homeowners and small businesses could disrupt private insurance markets, i

WASHINGTON--The Council of Insurance Agents and Brokers members' annual pilgrimage to Congress this week will see them lobbying for legislation to reform surplus lines and reinsurance markets regulatio

Federal lawmakers in both the House and Senate are drafting and plan to soon introduce bi-partisan legislation that would radically alter the insurance industry's long-standing exemption from federal

Such a provision would probably be acceptable to the insurance industry, but given the fact the NFIP is currently in the hole by more than $23 billion, it is likely to be received with skepticism in

WASHINGTON--Reacting to news that the oversight panel of the House Financial Services Committee plans a Feb. 28 hearing to probe insurance industry handling of Hurricane Katrina claims, one industry gr