The National Flood Insurance Program has received another temporary extension, this time through May 31, 2012, meaning its future will remain in question for another year.

The National Flood Insurance Program moved one step closer to an overhaul that one insurance industry official called a “meaningful long-term extension.”

The U.S. House of Representatives passed a measure calling for an extension of Bush-era tax cuts for people making less than $250,000 a year.

Even the National Association of Insurance Commissioners (NAIC) can’t keep agents employed as the federal health care overhaul law goes into effect.

The U.S. House of Representatives has approved a one-year extension of the National Flood Insurance Program, moving the measure one step closer to passage.

The U.S. Senate approved an extension to the National Flood Insurance Program to Sept. 30, ending a month-long program lapse.

The U.S. House passed an extension to the National Flood Insurance Program, the first step in restoring the program, which expired May 31.

The U.S. Senate’s passage of financial services reform May 20 has drawn the praise of two insurance industry trade groups, both pleased to see that senators deemed property-casualty insurance different than other financial service sectors.

After 18 days in limbo, congressional leaders finally decided to extend the National Flood Insurance Program through the end of May.

Legislation has been introduced to permit risk retention groups to write commercial property coverage, expanding their role from the selling of liability insurance only.