Did the House overreact in passing a bipartisan bill that will repeal reforms to the NFIP? Industry groups weigh in about the future of flood insurance.

Late Tuesday, the House passed legislation that revamps the flood insurance premium structure imposed by a 2012 law.

Late Tuesday, the House passed legislation that revamps the flood insurance premium structure imposed by a 2012 law.

House Republicans have re-introduced their NFIP rate-hike delay legislation, but while it shares a bill number with legislation they introduced last week, it contains a number of key differences.

House Republicans have re-introduced their NFIP rate-hike delay legislation, but while it shares a bill number with legislation they introduced last week, it contains a number of key differences.

Financial services firms will vigorously oppose a provision of the fundamental tax reform proposal released by Rep. David Camp, R-Mich., that calls for a federal tax on large financial services firmsincluding insurers designated as systemically significant.

Financial services firms will vigorously oppose a provision of the fundamental tax reform proposal released by Rep. David Camp, R-Mich., that calls for a federal tax on large financial services firmsincluding insurers designated as systemically significant.

House Majority Leader Rep. Eric Cantor will need more time to marshall votes for a bill that would alter scheduled NFIP rate hikes as he contends with a flood issue that is causing a divide among traditional allies.