Private U.S. property-casualty insurers’ net income fell 71%, fueled in large part by losses from catastrophes.

Sales of property-casualty insurance policies in the U.S. increased for the first time in 13 quarters, according to an induåçstry organization, as personal lines insurers appeared to charge higher premiums in the second quarter.

The U.S. House of Representatives is scheduled today (July 22) to debate a bill that would expand the National Flood Insurance Program (NFIP) to include windstorm insurance coverage.

The Democratic-led Senate overcame a Republican effort to halt passage of the Dodd-Frank Act, clearing the procedural hurdle and assuring its passage.

A U.S. Senate and House conference committee on financial services regulatory reform agreed early today (June 25) on a bill that would avoid duplication between state and federal insurance regulation.

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

Unable to reach consensus on either a short- or long-term extension on the National Flood Insurance Program (NFIP), legislators in Washington, D.C., will let the federal program lapse as of the first day of the hurricane season.

The U.S. House Financial Services Committee has forwarded a plan to extend the National Flood Insurance Program for five years to the full House.

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

Repealed by the U.S. House, but omitted from sweeping health reform signed into law by President Barack Obama, a property-casualty group is praising the preservation of an antitrust exemption for insurance.