government shutdown News

Federal Government Shutdown Effect on P/C Insurance Industry

If Congress fails to agree by midnight tonight on a resolution to continue funding the federal government, the property/casualty insurance industry should not be seriously affected by the resulting shutdown. The insurance industry is not totally immune to the economic …

Furlough Notices Going To Washington State Workers

Thousands of Washington state employees received furlough notices Monday telling them they face a temporary layoff unless state lawmakers agree on a budget this week to prevent a government shutdown. Washington’s two-year budget comes to a close at the end …

Effect of Federal Government Shutdown on Insurance Industry

If Congress fails to pass a budget for the rest of 2011 and the federal government temporarily shuts down, it should still be business-as-usual for the property/casualty insurance industry. Since the industry is largely regulated by the states, not Washington, …