The U.S. Senate last week unanimously voted to extend the current National Flood Insurance Program for one year--until Sept. 30, 2011--with industry trade group officials lauding the development and urging the House to also act promptly.
A flood caused by an act of negligence, even if the negligence only exacerbated the flooding, may present a recovery opportunity. Read how to identify the real cause of flooding and handle subrogation claims proficiently.
GAO Officials cautioned members of the Senate Banking Committee Wednesday that major changes in NFIP's policies and administration are needed, and could involve tough decisions that Congress may be unwilling to make.
With fall approaching, small business owners are managing shifting seasonal needs while buckling down in the face of economic uncertainty -- creating an opportunity for agents.
Mutual insurers have lived long and prospered thanks in large part to their unique business model, focusing on the concerns of policyholders rather than outside investors, the incoming chair of NAMIC says.