Regulation/Legislation

Legislation has been introduced in Congress that would clarify that private flood insurance should be an option available to homeowners.

Legislation has been introduced in Congress that would allow members of the U.S. military to retain their auto-insurance policies when they are transferred to new bases.

The MLR provision of the Affordable Care Act is working the way we hoped it would, Sen. John D. Rockefeller said today at a contentious Senate hearing during which Republicans challenged aspects of the law.

Insurance industry trade groups Tuesday urged Congress to promptly pass legislation designed to partly roll back federal authority to oversee or monitor insurance companies enacted as part of the Dodd-Frank financial reform act.

A representative of the risk-retention industry as well as the Property Casualty Insurers Association of America today urged Congress to expand the Risk Retention Act to allow risk-retention groups to expand coverage to all commercial property and casualty lines except workers compensation.

The House Financial Services Committee plans to release draft legislation and hold a markup in June on Terrorism Risk Insurance Act reauthorization legislation, a key member of the committee said today.