Assurant is likely to join Chubb as an insurance company forced to suspend stock buybacks as a result of Superstorm Sandy losses.

Assurant is likely to join Chubb as an insurance company forced to suspend stock buybacks as a result of Superstorm Sandy losses.

The Congressional Budget Office has projected that passage of legislation that would streamline enforcement of the Medicare Secondary Payment program would save the government money.

The Congressional Budget Office has projected that passage of legislation that would streamline enforcement of the Medicare Secondary Payment program would save the government money.

While one industry representative blasted states decisions to bar insurers from invoking hurricane deductibles after superstorm Sandy as an act of political expediency that will result in higher rates, another says he believes the state officials acted within the letter of the law.

While one industry representative blasted states decisions to bar insurers from invoking hurricane deductibles after superstorm Sandy as an act of political expediency that will result in higher rates, another says he believes the state officials acted within the letter of the law.

Insurance companies and trade groups continue to appeal to state regulators over the decision made by nine jurisdictions to prevent insurers from imposing hurricane deductibles for losses suffered from Superstorm Sandy.

The National Flood Insurance Program (NFIP) will likely need to go to Congress for additional borrowing authority to pay claims from Superstorm Sandy, according to two government watchdog organizations.