private flood insurance market News

NAIC Drafts Changes for NFIP, Encourages Long-Term Reauthorization

The National Association of Insurance Commissioners (NAIC) has released its recommendations for changes to the National Flood Insurance Program (NFIP) when it goes up before Congress for reauthorization next year. The current NFIP is due to expire on Sept. 30, …

North Carolina Tackles Insurance Rate Evasion Fraud, Updates Captive Laws

North Carolina has made several changes encompassing fraud, captives and flood insurance regulations to its state insurance laws. New legislation, House Bill 287, was approved June 30 by state lawmakers and signed into law July 6 by Gov. Pat McCrory. …