The issue of extending and reforming the National Flood Insurance Program continues to stall in Congress. While the U.S. House version of a reauthorization bill passed in July 2011 by a significant margin, the bill has yet to get a floor vote in the U.S. Senate. Sen. David Vitter, R-La., sponsor of a five-year extension [...]
Iowa State University economist Bruce Babcock discusses the perverse incentives, taxpayer waste, and environmental harm caused by federally subsidized crop insurance.
In other flood insurance news, Sen. David Vitter’s bill to extend the flood program through Dec. 31 may get a vote in the Senate the first week of May.
Alabama considers ‘Homeowners Bill of Rights’
by R.J. Lehmann on April 16, 2012 · View Comments
Alabama lawmakers are weighing a bill that would require the state’s homeowners insurers provide consumers with clear disclosures about what their policies do and do not cover.
It wasn’t a perfect session, but ultimately, advocates of insurance reform in Florida saw lawmakers pass two of the four major insurance bills before the Legislature.
Sens. David Vitter and Jon Tester are leading a final push to get flood insurance reform passed in Congress.
With few tweaks from earlier version, the president is once again proposing billions in protectionist reinsurance taxes on transactions that spread risks throughout the globe.
C-FIRE Deputy Director R.J. Lehmann talks to Robert Detlefsen, vice president of public policy with the National Association of Mutual Insurance Companies, about the burgeoning market for third party-financed lawsuits.
Gov. John Hickenlooper’s plan would see the state still holding a 40% stake in Pinnacol Assurance, in hopes of using $14 million a year in dividends as a dedicated funding source.
State Sen. John Carona, chair of Texas’ Senate Business and Commerce Committee, is running out of patience for high property insurance rates and warning more regulation could be coming soon.