Fears that only the federal government has the power to prevent imposition of bank-centric international-financial regulation by Europeans is leading two major insurance players to moderate their comments to the Treasury Department on the role the federal government should play in insurance regulation going forward.

Comments provided to the Federal Insurance Office on how insurance should be regulated in the future ranged from strong support of the current state-regulatory system to calls for the federal government to play a lead role if uniformity and consistency of regulation is to be achieved.

The Supreme Court will hear arguments on the constitutionality of the healthcare reform law and other issues pertaining to it for three days starting March 26.

The three trade groups representing the majority of property and casualty insurers reiterate in a letter to the Financial Stability Oversight Council that property and casualty insurance carriers by their very nature do not pose a threat to the financial stability of the U.S.

The National Flood Insurance Program is operating on a temporary reauthorization that expires Friday as Washington continues to play winner-take-all politics.

Congress appears ready to pass a short-term National Flood Insurance Program reauthorization by midnight tonight, according to insurance-industry lobbyists, who add that a long-term extension is still in play.

Insurance representatives sitting on three separate panels failed to provide a consensus on what the role of the Federal Insurance Office should be in insurance regulation.

House Republicans Thursday proposed packaging a five-year National Flood Insurance Program extension into a deal that would extend expiring tax cuts.