A property-casualty insurer trade group is continuing its push for the U.S. House of Representatives to vote on a reform and re-authorization bill for the National Flood Insurance Program.
The National Flood Insurance Program moved one step closer to an overhaul that one insurance industry official called a “meaningful long-term extension.”
A bill that would extend the National Flood Insurance to September 2016 advanced out of a subcommittee of the U.S. House of Representatives, the first step toward possible passage.
A collection of insurance companies, taxpayer advocates and environmental groups are urging changes to a bill in the U.S. House seeking to reform the National Flood Insurance Program.
Still questioning the need for a federal regulator of insurance amid strong state-based oversight, the National Association of Insurance Commissioners is praising lawmakers for amendments to a bill establishing a Federal Insurance Office.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.