As Congress works under imminent deadline to deal with the future of the critical National Flood Insurance Program (NFIP), it is getting conflicting advice as to how it should move to shore up the program, with the Write-Your-Own (WYO) program getting particular attention.

Roy Woodall’s nomination as the independent member with insurance expertise on the Financial Stability Oversight Council (FSOC) is being welcomed by the insurance industry—but don’t expect him to immediately be able to play a role there.

Companies continue to report the impact of second-quarter catastrophes, with Bermuda-based Arch Capital Group Ltd. saying it expects losses of between $90 million and $110 million, of which 15 percent is updated first-quarter loss estimates.