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Commentary

With Cantor's Primary Defeat, Is Industry-Sought Legislation Further Out of Reach?

By Arthur D. Postal

Todays resignation of Eric Cantor as House majority leader following his stunning primary defeat would lead a pundit with a background as a meteorologist to say the outlook for prompt passage of legislation sought by the property and casualty insurance industry is cloudy at best.

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News

Employers Committed to Offering Benefits Amid Rising Costs, Uncertainty

News

Cigarettes, Alcohol and Auto Insurance: Groups Weigh in on Affordability

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Regulation/Legislation Stories

June 09, 2014

Deadly Truck Crash Critically Injures Comedian, Sparks Debate on Commercial Trucking Safety

Comedian Tracy Morgan was critically injured Saturday after the driver of a Walmart tractor-trailer that crashed into a limo bus he was riding in. The driver reportedly fell asleep behind the wheel, causing the deadly six-car pileup on the New Jersey Turnpike.

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June 05, 2014

Rep. Peter King: TRIA Renewal Likely to Be at Least 5 Years

Expect the House Financial Services Committee to vote on TRIA-extension legislation this month, but the version that comes out of the committee will not likely be what ultimately passes Congress.

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June 04, 2014

'Collins Amendment' Bill Sails Through Senate Under Expedited Procedure

The Senate last night shoved through in virtually unprecedented fashion legislation that would clarify that the Federal Reserve Board can apply insurance-based capital standards to the insurance portion of any insurance holding company it oversees.

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June 04, 2014

Industry's TRIA Reaction: Praise for the Senate; Concerns About the House

The P&C industry lauded the Senate Banking Committee for reporting out a TRIA extension Tuesday, but caution remains a byword because it is not certain when Congress will ultimately act, and whether final legislation will provide the same federal support as current law.

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June 03, 2014

'Collins Amendment' to Get Expedited Treatment in Senate

Efforts are now underway to push legislation through the Senate on an expedited basis that would clarify that the Federal Reserve Board can apply insurance-based capital standards to the insurance portion of any insurance holding company it oversees.

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June 03, 2014

As Good as It'll Get for the Industry? Senate Panel Advances TRIA Extension

The Senate Banking Committee today reported to the floor legislation that would extend the Terrorism Risk Insurance Act for seven years.

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June 02, 2014

Federal Reserve Taps Former Conn. Commissioner Sullivan for Advisor Role

Tom Sullivan, former Connecticut insurance commissioner, has been named senior advisor for insurance to the Board of Governors of the Federal Reserve System.

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