With President Obama signing a 60-day National Flood Insurance Program extension bill, a lapse in the program has been avoided, but industry officials are wasting no time looking to the next phase and calling on the Senate to act on a five-year extension.

The House passed a bill under expedited procedures that would extend the National Flood Insurance Program until July 31.

The House passed a bill under expedited procedures that would extend the National Flood Insurance Program until July 31.

A bill introduced in the House would bar financial firm officials who are found liable for actions harming their companies from purchasing insurance to cover the cost of the penalties imposed.

A bill introduced in the House would bar financial firm officials who are found liable for actions harming their companies from purchasing insurance to cover the cost of the penalties imposed.

The Non-Admitted Insurance Multi-State Agreement has adopted the revenue-sharing agreement of a rival compact in an apparent effort to jumpstart creation of a uniform system to implement a premium-tax-sharing component of the federal surplus-lines reform law.

The Non-Admitted Insurance Multi-State Agreement has adopted the revenue-sharing agreement of a rival compact in an apparent effort to jumpstart creation of a uniform system to implement a premium-tax-sharing component of the federal surplus-lines reform law.

Industry officials believe the House will accept the 60-day National Flood Insurance Program extension the Senate passed yesterday, but an ultimatum in that bill could give the House pause.