The Federal Advisory Committee on Insurance has gotten its charter renewed for two more years. FACIs original two-year charter was up Aug. 4. The new charter was renewed until July 29, 2015.
The NFIP's dire financial condition and the limited scope of scheduled rate increases haven't prevented politicians from crying foul and seeking to delay reforms they championed a year ago.
The NFIP's dire financial condition and the limited scope of scheduled rate increases haven't prevented politicians from crying foul and seeking to delay reforms they championed a year ago.
President Obama's budget proposal contains language implying the FIO should have the ability to immediately estimate exposures related to catastrophic events, and provide it to the federal government.
President Obama's budget proposal contains language implying the FIO should have the ability to immediately estimate exposures related to catastrophic events, and provide it to the federal government.
The flood-insurance program has the money to pay claims resulting from Superstorm Sandy, but is just one large event away from needing to ask Congress for more money, a state-insurance regulator is warning.
The flood-insurance program has the money to pay claims resulting from Superstorm Sandy, but is just one large event away from needing to ask Congress for more money, a state-insurance regulator is warning.
The Federal Insurance Office says it will release its long-awaited report on recommendations for modernizing and improving insurance regulation before July.
The Federal Insurance Office says it will release its long-awaited report on recommendations for modernizing and improving insurance regulation before July.