The U.S. House of Representatives Tuesday evening passed legislation to curb some of the premium increases in the nation’s flood insurance program that have been causing “sticker shock” for property owners. H.R. 3370, the Homeowner Flood Insurance Affordability Act, sponsored …
The House of Representatives could vote on a bipartisan measure to curtail some flood insurance premium hikes by the end of this week. House Majority Leader Eric Cantor (R- Va.) has included the latest version of the Homeowner Flood Insurance …
A Florida agency selling private flood insurance said it is now selling the coverage in 15 states and making it available to commercial risks and apartment buildings. According to Evan Hecht, CEO of The Flood Insurance Agency, located in Gainesville, …
The property/casualty insurance industry is likely to face cost shifting by hospitals, physicians and other medical providers due to the Patient Protection and Affordable Care Act (ACA), according to an insurance industry white paper. In addition, property/casualty insurers may potentially …
The Republican leadership in the House of Representatives is promising to take up legislation to delay certain flood insurance premium increases during the week of Feb. 24. The details of any House bill remain a mystery but the House version …
A Florida agency selling private flood insurance said it is now selling the coverage in 15 states and making it available to commercial risks and apartment buildings. According to Evan Hecht, CEO of The Flood Insurance Agency, located in Gainesville, …
New technologies and a better understanding of flood risk may have increased private insurers’ interest in providing flood insurance but real obstacles remain to the private sector getting involved. The obstacles include political and consumer resistance to full cost-based pricing …
The Senate passed a bill Thursday to delay certain flood insurance rate hikes and create a national registry for licensing insurance agents by a vote of 67-32. (See how senators voted at end of story.) The bill delays the implementation …
The Senate has begun adopting amendments to the bill (S.1926) that seeks to delay flood insurance premium increases called for under the Biggert-Waters Flood Insurance Reform Act of 2012. The Senate bill would halt premium hikes by retaining most flood …
The Obama Administration has problems with the Senate bill that would delay flood insurance premium increases and create an agent licensing registry. The bill, S.1926, was cleared for debate on a procedural vote, 86-13, Monday evening. It has more than …
