Members of Congress are concerned about re-election and the political system is in a state of upheaval.
Against this backdrop, it's fair to assume that there will be little action on significant insurance legislation until the dust settles. What is harder to predict is the shape of the post-election landscape's effect on insurance issues.
The past few years have seen an unusual and welcome spate of bipartisan action in Congress on insurance legislation. Perhaps the best example came earlier this year, when the House passed a bill to encourage the development of a private flood insurance market. The bipartisan Flood Insurance Market Parity and Modernization Act (H.R. 2901), sponsored in the House by Reps. Dennis Ross (R-Fla.) and Patrick Murphy (D-Fla.), was passed by a vote of 419–0.
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