Search Results

The bill was introduced May 25 by Sens. Bill Nelson, D-Fla., and Mary Landrieu, D-La., and won the praise of the co-chairs of ProtectingAmerica.org, a group formed to promote federal-state backstops f

Introducing the bill Thursday, Sen. Richard Shelby, R-Ala., chairman of the Senate Banking Committee, said, "The goal...is to strengthen the [flood insurance] program by eliminating subsidies on

The Senate bill also creates a mandatory reserve fund "to provide additional funding to help pay future claims without further need to seek contribution from the U.S. taxpayer," said Sen. Richard Shel

The Senate bill also creates a mandatory reserve fund "to provide additional funding to help pay future claims without further need to seek contribution from the U.S. taxpayer," said Sen. Richard Shel

The Senate legislation is different from the companion House bill because it will require more policyholders to pay fair-market rates and more homeowners to participate in the program than called for

Stiglitz withholds backing on national catastrophe

The Property Casualty Insurers Association of America (PCI) said it is urging Congress to adopt a widespread series of reforms for the ailing National Flood Insurance Program before this year's hurric

Hurricane Katrina left federal program in deep debt and lawmakers eager for