The House passed a bill under expedited procedures that would extend the National Flood Insurance Program until July 31.

A bill introduced in the House would bar financial firm officials who are found liable for actions harming their companies from purchasing insurance to cover the cost of the penalties imposed.

The Non-Admitted Insurance Multi-State Agreement has adopted the revenue-sharing agreement of a rival compact in an apparent effort to jumpstart creation of a uniform system to implement a premium-tax-sharing component of the federal surplus-lines reform law.

Industry officials believe the House will accept the 60-day National Flood Insurance Program extension the Senate passed yesterday, but an ultimatum in that bill could give the House pause.

The Senate passed a 60-day National Flood Insurance Program extension as part of an agreement between Senate Majority Leader Harry Reid, D-Nev., and Sen. David Vitter, R-La. to move a five-year program extension bill to the Senate floor.

Sen. David Vitter, R.-La., today introduced a five-year National Flood Insurance Program extension in the form of an amendment to bipartisan drug legislation.

The medical-liability insurance industry has recently seen positive results and is working to minimize the peaks and valleys that it has historically seen, according to Brian K. Atchinson, the new president and chief executive officer of the Physician Insurers Association of America (PIAA).

An effort is underway to attach a long-term National Flood Insurance Program reauthorization and reform legislation to bipartisan drug legislation in the Senate.