Despite the urgings of Florida Insurance Commissioner Kevin McCarty and others, Gov. Charlie Crist has vetoed the state's omnibus property insurance bill passed at the close of the 2010 legislative session.
The House Financial Services Committee has decided to delay action on legislation providing a long-term reauthorization of the National Flood Insurance Program until Tuesday.
Legislation that would create a federal reinsurance backstop for states with catastrophe insurance funds drew both support and severe criticism at a House hearing.
The Michigan State Senate did not act on a package of bills opposed by insurance associations that would have banned the use of credit-based insurance scoring in the state.
The House Democratic leadership proposed health care reform legislation that includes a public option at an estimated cost of $894 billion over 10 years.
The Florida House on Friday night approved and sent to the Senate a measure designed to beef up the finances of the state-created home insurer of last resort and the Florida Hurricane Catastrophe Fund.
WASHINGTON--House floor action on two insurance bills will be delayed until Congress returns to work in September after a new California congresswoman voiced concern that one of the bills would inadver
WASHINGTON--House floor action on two insurance bills will be delayed until Congress returns to work in September after a new California congresswoman voiced concern that one of the bills would inadver
WASHINGTON--Sen. Chris Dodd, D-Conn., the Senate Banking Committee chairman, said Congress might manage to push through legislation this year to reform regulation of surplus insurance lines and create