At Senate hearing, officials of various industries say there is no viable private option to renewal of TRIA. CIAB testifies that contracts running past Dec. 31 contain terrorism exclusions should program not be extended.

The uproar over actuarial rates on flood-insurance policyholders through a 2012 law appears to be on its way to resolution in the short-term, and this is not a moment too soon for a beleaguered property and casualty insurance industry.

The uproar over actuarial rates on flood-insurance policyholders through a 2012 law appears to be on its way to resolution in the short-term, and this is not a moment too soon for a beleaguered property and casualty insurance industry.

The House Republican leadership is acting after Republicans in vulnerable states like Florida opposed the initial policy of stonewalling a Senate NFIP bill and threatened to force a vote on that legislation.

The House Republican leadership is acting after Republicans in vulnerable states like Florida opposed the initial policy of stonewalling a Senate NFIP bill and threatened to force a vote on that legislation.

Personal lines insurers and their captive and independent agents will be paying close attention this week as the House works to craft a politically acceptable bill that will delay or reduce National Flood Insurance Program premium increases mandated by a 2012 law.

Personal lines insurers and their captive and independent agents will be paying close attention this week as the House works to craft a politically acceptable bill that will delay or reduce National Flood Insurance Program premium increases mandated by a 2012 law.

American International Group president and CEO Robert Benmosche said he will focus on improving the companys balance sheet and rewarding shareholders after the company reported strong earnings, although the companys property and casualty business combined ratio remained over 100.