Risk Management

John Phelps, director of Business Risk Solutions for Blue Cross and Blue Shield of Florida, Inc., will serve as the president of the Risk and Insurance Management Society in 2013.

House Republicans are going to let the 112th Congress expire Wednesday without action on a Superstorm Sandy relief bill that includes a 50 percent increase in the National Flood Insurance Programs borrowing authority.

Two catastrophe bonds placed late in December boosted sales of such transactions to more than $6 billion in 2012, the second highest annual total in the market's history.

Two catastrophe bonds placed late in December boosted sales of such transactions to more than $6 billion in 2012, the second highest annual total in the market's history.

The House drew the nation back from the fiscal cliff Tuesday night when it approved legislation that, amongst other provisions, makes the current estate-tax policy permanent.

Reed Timmer, star of Discovery's "Storm Chasers," and acclaimed CSU forecaster Dr. Gray will offer unique insights.

The Senate passed legislation late Dec. 28 that includes a provision to increase the borrowing authority of the National Flood Insurance Program.

The NAIC says Louisiana Insurance Commissioner Jim Donelon will become the associations president effective Jan. 1.