Using reinsurance could reduce the burden of the National Flood Insurance Program on taxpayers, the head of the Reinsurance Association of America said.

Legislation that would provide agent-licensing standardization across state lines will be re-introduced in the House within 10 days.

State legislators and regulators "have a ways to go" to ensure that the surplus lines reform law goes into effect as mandated by Congress in July, the head of the National Association of Professional Surplus Lines Offices said.

A House hearing has been scheduled for March 9 on the status of the National Flood Insurance Program amid signs that legislation reauthorizing the program that passed the House last year will soon be re-introduced—albeit with some changes sought by the industry.

Signs are emerging that the sigh of relief by large insurance companies that they escaped federal oversight in the post-aig-bailout world may have been premature.

A proposed flood insurance reform bill contains language that calls on the Federal Emergency Management Agency (FEMA) to conduct a study on privatizing the National Flood Insurance Program

The emerging conflict between state and federal regulators over regulation of large insurance companies is the “cutting-edge issue as it relates to insurance regulation at this time,” according to several industry lawyers.

The House today passed legislation repealing the much-criticized 1099 reporting provision of the health care law, setting the stage for talks with the Senate over how to pay for the repeal.