Regulation/Legislation

The House today passed legislation that would provide certainty to the National Flood Insurance Program, but an approved controversial amendment drew condemnation from insurer groups, and at least one has withdrawn support for the bill.

The Senate today passed and sent to President Obama legislation that would make the most sweeping changes to financial services regulation since the Great Depression.

Rep. Gene Taylor, D-Miss., today characterized as "absurd" a decision by House officials not to allow a floor vote on an amendment to the National Flood Insurance Program that would add wind coverage to the program.

Domestic and foreign insurers traded barbs--although the foreign insurers did so anonymously--at a congressional hearing today over whether the U.S. should tighten rules dealing with the ceding of premiums to offshore parent companies by U.S. affiliates.

Insurance industry representatives will oppose an expected amendment that would add wind coverage to a bill extending the National Flood Insurance Program for five years

Will the new financial services regulatory reform bill have a positive, negative or no impact on p&c insurers? Go to www.property-casualty.com to cast your vote!