A long-term solution to the National Flood Insurance Program will have to wait until 2010, after the latest extension by Congress.

President Barack Obama minced no words in his weekly radio and Internet address Oct. 17, saying the Congress’ review of the anti-trust exemption granted to insurance companies is appropriate because they are standing in the way of health care reform.

Commending the U.S. Senate and President Barack Obama on a short-term extension of the National Flood Insurance Program, a pair of industry groups now want to focus on a longer commitment to the initiative.

In light of a drop in income and overall profitability for the first half of the year, the property-casualty industry remains “profitable,” according to a national trade organization.

Two national insurance agents groups are commending the Obama Administration for the clarity of language included in new details of its proposed Office of National Insurance, although one of the …  Read →

The head of the Property Casualty Insurers Association of America said the group supports the Obama Administration’s stance on omitting wind coverage from the National Flood Insurance Program.

Department of Homeland …  Read →