The National Flood Insurance Program historically has been subject to constant lapses due to delayed reauthorization, upsetting agent/client relationships and hampering home sales. Now, recent shakeups in Congress could finally mean real reform to the troubled program.

American International Group Inc. and Zurich Financial Services Group announced a $1.9 billion deal today for the sale of AIG's auto unit, 21st Century Insurance Group, to Zurich's Farmers Group Inc.

At the same time, James Lee Witt--a co-chair of the group and the Federal Emergency Management Agency director in the Clinton administration--sought to tamp down speculation he would be returning to

Leaders of ProtectingAmerica.org, a group that has been campaigning for a federally backed national catastrophe program, said today they expect more success with the arrival of the Obama administratio

New York Insurance Superintendent Eric Dinallo told a congressional panel his state will postpone plans to regulate a segment of the credit default swap market in light of progress that federal

Florida may have dodged a bullet avoiding a major storm in the 2008 hurricane season, but insurance industry groups have warned lawmakers about the need to address the state's underfunded Hurricane Ca

WASHINGTON--The Treasury department is maintaining its stance that insurers seeking federal bailout dollars must do so through a federal regulated entity, leaving those without a banking subsidiary or

An Aon Corp. official speaking on behalf of a national brokerage group urged the Treasury Department last week to make use of the yet to be developed insurance component of the Troubled Asset Relief