Sen. Lott has been at odds with the industry since Hurricane Katrina, which heavily damaged his home and saw him clash with his carrier over the claim. He filed suit against his insurer, State Farm,

Industry officials, congressional staffers and lobbyists say Republicans lack the votes for full repeal. Sens. John Kyl, R-Ariz., and Max Baucus, D-Mont., the most senior Democrat on the Senate

WASHINGTON--Insurance company attorneys said they are hopeful that the U.S. Supreme Court decision to review an Oregon punitive damage award will end with a decision that cuts carriers' soaring litigat

The bill was introduced May 25 by Sens. Bill Nelson, D-Fla., and Mary Landrieu, D-La., and won the praise of the co-chairs of ProtectingAmerica.org, a group formed to promote federal-state backstops f

Introducing the bill Thursday, Sen. Richard Shelby, R-Ala., chairman of the Senate Banking Committee, said, "The goal...is to strengthen the [flood insurance] program by eliminating subsidies on

The Senate bill also creates a mandatory reserve fund "to provide additional funding to help pay future claims without further need to seek contribution from the U.S. taxpayer," said Sen. Richard Shel

A former aide told National Underwriter one reason Sen. Dodd thinks "it is now time" for a Democratic primary effort is that 2008 marks the first time since 1952 than a sitting president or vice p

The Senate legislation is different from the companion House bill because it will require more policyholders to pay fair-market rates and more homeowners to participate in the program than called for