The House last night passed a five-year National Flood Insurance Program extension as part of a larger, controversial bill extending some tax cuts while also seeking budget cuts.

The House last night passed a five-year National Flood Insurance Program extension as part of a larger, controversial bill extending some tax cuts while also seeking budget cuts.

The Federal Deposit Insurance Company has proposed a rule clarifying that a mutual insurance holding company qualifies as an insurance company under the Dodd-Frank act, and thus is not subject to the FDICs orderly liquidation authority.

The Federal Deposit Insurance Company has proposed a rule clarifying that a mutual insurance holding company qualifies as an insurance company under the Dodd-Frank act, and thus is not subject to the FDICs orderly liquidation authority.

The pricing cycle is entering a phase that is not in any way a traditional hard market, according to analyst firm Keefe, Bruyette & Woods, as prices have bottomed and even risen in some cases, but capital remains plentiful.

After taking into account estimated Thailand-flood losses at Swiss Re and Munich Re, Moodys Investors Service says it expects the event to meaningfully hit the reinsurance industrys fourth-quarter results, but notes that it should also add to the current momentum for price hardening.

After taking into account estimated Thailand-flood losses at Swiss Re and Munich Re, Moodys Investors Service says it expects the event to meaningfully hit the reinsurance industrys fourth-quarter results, but notes that it should also add to the current momentum for price hardening.

A day after a Chartis executive questioned whether micro cycles might replace traditional market turns, analyst firm ALIRT Insurance Research weighed in on the question of whether the traditional cycle might be a thing of the past.