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.

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.

A Chinese drywall manufacturer has agreed to pay hundreds of millions of dollars to resolve court claims by thousands of Gulf Coast property owners who say the product corroded pipes and wires and otherwise wrecked their homes, the largest settlement of its kind so far.

Despite the frequency of the claims, actual malfunctions in complex brake systems are rare, although they can happen.

Despite the frequency of the claims, actual malfunctions in complex brake systems are rare, although they can happen.

State-based insurance regulation has an inherent weaknessthe ability to stray from or misinterpret national standards or model laws, says the Risk and Insurance Management Society Inc.

State-based insurance regulation has an inherent weaknessthe ability to stray from or misinterpret national standards or model laws, says the Risk and Insurance Management Society Inc.

Perils, an organization that provides catastrophe-insurance data, says it will begin collecting data on inland flooding in the United Kingdom.