Risk Management

The House appears unlikely to act on legislation that would reauthorize the National Flood Insurance Program for five years before it leaves for the Memorial Day holiday.

A plan to overhaul Oklahoma's workers' compensation laws has been given final approval in the state legislature.

A German insurance company says it organized an orgy with prostitutes in a renowned Hungarian spa to reward its best salesmen.

Jane Cline, the 2010 president of the National Association of Insurance Commissioners, will be retiring from her post as West Virginia insurance commissioner June 30.

The National Oceanic and Atmospheric Administration says it expects 12-18 named storms during the 2011 Atlantic hurricane season, which begins in less than two weeks.

The National Association of Insurance Commissioners named North Dakota Insurance Commissioner Adam Hamm Secretary-Treasurer.

More than half of the states have passed bills implementing federal legislation reforming and modernizing regulation of the surplus lines and reinsurance industries.

Insurers are leafing through and interpreting the massive property insurance bill signed by Gov. Rick Scott, which addresses insurance issues related to replacement cost methodology, sinkholes, public adjusters, and claim filing periods.