• Propertycausualty360

    Insurance Antitrust Exemption: Why the Mccarran-Ferguson Act Remains a Political Issue

    July 01, 2017

    It seems during every congressional cycle the possibility of a repeal of the McCarran-Ferguson Act (MFA) crops up. The most colorful attempt was 10 years ago when former Sen. Trent Lott (R.-Miss.), dubbed at the time the angriest man to have been empowered in the past election by a Wall...

  • Propertycausualty360

    Flood gates: Will best intentions lead to a healthy private insurance market?

    March 08, 2017

    Last year, renewal discussions for the National Flood Insurance Program (NFIP) got off to an early and by most accounts very productive start.

  • Propertycausualty360

    This is what the likely path for TRIA renewal looks like

    October 01, 2014

    The most likely path to enactment of legislation reauthorizing a federal backstop for terrorism risk insurance that insurers can live with is House de facto acceptance of the preferable Senate bill.

  • Propertycausualty360

    Fed to study insurance regulatory rules

    September 30, 2014

    The Federal Reserve Board on Tuesday announced that it will be seeking detailed financial and other data from the insurance companies and insurers with thrifts it regulates as it starts the process of tailoring its regulatory metrics to coincide with its mandated role of overseeing them.

  • Propertycausualty360

    Congress moves to revise Dodd-Frank capital requirements

    September 17, 2014

    The House and Senate are both working on different revisions of the Collins amendment.

  • Propertycausualty360

    With time running out and elections looming, industry prepares big push for TRIA

    August 27, 2014

    In the parlance that weather-guessers would use in describing the situation, the outlook for long-term reauthorization of a federal backstop for terrorism risk insurance in its present form is cloudy, and that is being optimistic.

  • Propertycausualty360

    Let's Build Something—Right

    August 01, 2014

    One was built of straw. One of sticks. Another of brick. Then the wind blew in. Unlike the big, bad wolf, Mother Nature has plenty of other destructive calamities up her sleeves: hurricanes, tornadoes, windstorms, fires, earthquakes, hailstorms and winter storms. And just like those three little pigs, how we...

  • Propertycausualty360

    Industry Groups Happy with TRIA Progress, if Not the Current House Version

    June 20, 2014

    Sen. Schumer says the House's TRIA bill is a "backwards approach." Industry groups worry about the impact on availability. But most are relieved there is at least progress in renewing the program that expires Dec. 31.

  • Propertycausualty360

    House FSC Eyes Thursday TRIA-Extension Vote

    June 17, 2014

    A Thursday vote has been scheduled on the House Financial Services Committees version of legislation reauthorizing the Terrorism Risk Insurance Act as industry reps stake out their positions on the House and Senate versions.

  • Propertycausualty360

    Senate Passes House NFIP Rate-Hike Delay; Bill Goes to President

    March 14, 2014

    Legislation that effectively kicks down the road efforts to restore solvency to the NFIP was overwhelming approved by the Senate late yesterday and sent to the president for signature.