President Barack Obama has nominated South Carolina Department of Insurance Director Raymond G. Farmer to serve as a member on the Board of Directors of the National Association of Registered Agents and Brokers (NARAB) for a period of one year. …
Insurance producers are calling upon the Obama Administration to begin implementation of a licensing reform measure signed into law eight months ago. When President Obama signed the renewal of the Terrorism Risk Insurance Act (TRIA) in January, he also signed …
The U.S. House of Representatives voted to reauthorize a government backstop for insurers’ losses from acts of terrorism after lawmakers let the measure expire last month. The legislation, which will extend the Terrorism Risk Insurance Act for six years, was …
Property/casualty insurance industry groups, business associations and observers alike were quick to condemn the death of TRIA renewal for 2014. Without federal terrorism reinsurance in place for 2015, they predicted canceled coverage, market chaos and more unless the measure can …
Supporters of renewing the federal terrorism reinsurance program are optimistic that the Senate will follow the House and approve it, however the exact day and time of the Senate vote this week remains unclear. In addition to dealing with the …
The House Financial Services Committee today voted to report out a bill to extend the federal terrorism insurance program for another five years. The bill also contains some reforms of the Terrorism Risk Insurance Act (TRIA) and an insurance producer …
The insurance industry has not given up on getting Congress to pass legislation to create a national producer registry and make it easier for agents and brokers become licensed in multiple states. The Independent Insurance Agents and Brokers of America …
There is a new political wrinkle in the attempt to stave off flood insurance rate hikes across the country. The Senate has attached an industry-supported bill to streamline agent and broker licensing to its bill to delay flood insurance premium …
If and when the federal government resumes operations, a multistate producer licensing reform bill long pushed by the country’s insurance agent lobby could be among the few bipartisan pieces of business Congress tackles and actually passes. The National Association of …
Will the third time be the charm? Insurance groups and lobbyists in Washington are hoping so, after the House of Representatives this week overwhelmingly passed a bill (H.R. 1155 ) to streamline the insurance producer licensing process. This is the …
