Florida has effectively agreed to abide by federal-flood-agency rules that bar new development in flood plains without prior federal approval.

Florida has effectively agreed to abide by federal-flood-agency rules that bar new development in flood plains without prior federal approval.

An appellate court in New York has cleared the way for a trial on allegations that Maurice Hank Greenberg and Howard Smith, respectively the former CEO and CFO of American International Group, committed fraud in connection with two reinsurance transactions.

The Heartland Institute and its insurance-centric Washington unit are negotiating a divorce, a process said to be accelerated by distress over the institutes now-suspended ad campaign linking support for global warming with serial killers.

Another short-term extension of the National Flood Insurance Program appears likely as Congress wont be able to act on a long-term bill before the current authorization expires May 31.

Another short-term extension of the National Flood Insurance Program appears likely as Congress wont be able to act on a long-term bill before the current authorization expires May 31.

Prompted by a lobbying group that supports efforts to reduce global warming, three insurance companies and the Association of Bermuda Insurers and Reinsurers have publicly renounced their support for the Heartland Institute, a libertarian research group.

The pressure on the Senate to act on a long-term National Flood Insurance Program extension intensified as trade groups across multiple industries kicked off their Flood the Hill campaign with a letter sent to Senate leadership.