Regulation/Legislation

The House has passed legislation extending the National Flood Insurance Program, that was due to expire in two months, until March 31, 2010.

Bipartisan legislation has been introduced in the House that would limit the tax exposure of very small property and casualty insurance companies.

Some consumers living in states not requiring auto insurance coverage will be unable to secure the government subsidies offered for trading in gas guzzling vehicles for low mileage ones, according to rules released for the program.

The recent problems surrounding Chinese drywall have been compared to everything from a silent hurricane to the next asbestos. But how do the costs really compare to a hurricane?

Writers of environmental liability insurance see both threats and opportunities ahead as carriers conduct business under an Obama administration expected to put more emphasis on heading off climate change.

Legislation sent to Congress last week by the Treasury Department, which details an Office of National Insurance that would have strong authority over solvency and international issues, is already dividing the property and casualty industry.