Implementation of rate cutbacks and other revisions to the National Flood Insurance Program mandated by a March law has gone extremely well, an insurance industry official testified before a Senate panel today.

Insurance industry trade group officials lauded passage of the Senate version of legislation reauthorizing a federal backstop to terrorism risk insurance and urged the House to act promptly.

Insurance industry trade group officials lauded passage of the Senate version of legislation reauthorizing a federal backstop to terrorism risk insurance and urged the House to act promptly.

Conservative House Republicans intend to hold legislation reauthorizing a federal backstop for terrorism risk insurance hostage unless they get the slimmed-down version of the bill they support, they indicated Thursday.

Conservative House Republicans intend to hold legislation reauthorizing a federal backstop for terrorism risk insurance hostage unless they get the slimmed-down version of the bill they support, they indicated Thursday.

Legislation allowing creation of NARAB passed the Senate yesterday. Two agent and broker groups were supportive, but expressed some concern about the legislation's sunset provision.

Legislation allowing creation of NARAB passed the Senate yesterday. Two agent and broker groups were supportive, but expressed some concern about the legislation's sunset provision.

The Senate overwhelmingly passed a seven-year TRIA reauthorization today by a 93-4 vote.