You aren't prepared for the risks associated with your holiday party, and you probably aren't worried enough about it.

House leaders released a proposed six-year extension of a federal program to insure property against the risk of terrorism.

Flood insurers accused by Hurricane Sandy victims in New York of using falsified engineering reports must turn over the drafts to policyholders, a three-judge panel ruled.

Bi-partisan support extends Terrorism Risk Insurance Act by six years, and also includes agent licensing reform with the inclusion of a permanent National Association of Registered Agents and Brokers. UPDATE: House also passes the Insurance Capital Standards Clarification Act, which recognizes the difference between the banking and insurance markets.