Regulation/Legislation

Critical operations of the National Flood Insurance Program are in danger of being shut down Oct. 1.

The Florida Hurricane Catastrophe Fund is on "shaky ground" and its ability to borrow is questionable, says it chief operating offer.

Crop insurance underwriters and producers are up in arms over a proposal in the Obama administration tax plan that would further reduce crop-insurance subsidies by an estimated $8.3 billion over 10 years.

Florida Insurance Commissioner Kevin McCarty says the states insurer of last resort did not provide evidence to support its recommendation to raise rates for sinkhole insurance by a statewide average of 447 percent.

Though nearly two-dozen insurers in Connecticut have agreed to waive hurricane deductibles following Hurricane Irene, State Farm is not among them.

In his deficit-reduction proposal, President Obama voices support for provisions in House legislation that would eliminate subsidies, over five years, on 30 percent of properties insured by the National Flood Insurance Program.