It will be extremely difficult for Congress to delay a train that is nearing its destination, an insurance industry executive says in reaction to the flurry of legislative efforts to forestall flood insurance rate hikes mandated under a 2012 law.

A House Financial Services Committee subcommittee, under pressure from domestic insurance interests, is expected to demand that Federal Insurance Office Director Michael McRaith pressure European regulators to bend policy more to the liking of U.S. insurers.

A House Financial Services Committee subcommittee, under pressure from domestic insurance interests, is expected to demand that Federal Insurance Office Director Michael McRaith pressure European regulators to bend policy more to the liking of U.S. insurers.

American International Group has added two new members to its executive committee: John Doyle, CEO of its Property Casualty Global Commercial Insurance unit; and Sid Sankaran, the companys chief risk officer.

It will be extremely difficult for Congress to delay a train that is nearing its destination, an insurance industry executive says in reaction to the flurry of legislative efforts to forestall flood insurance rate hikes mandated under a 2012 law.

The Council of Insurance Agents and Brokers is urging the Senate to act promptly on legislation providing a mechanism for a true nonresident licensing reciprocity.

The Council of Insurance Agents and Brokers is urging the Senate to act promptly on legislation providing a mechanism for a true nonresident licensing reciprocity.

In an effort to deflect consumer outrage from mandated flood insurance rate increases, House members touted a provision in legislation passed June 5. But it apparently wont accomplish what they want it to do.