Regulation/Legislation

The venue for winning delays in increases in premiums for flood insurance properties is now moving to the must-do farm bill, which is being considered by the Senate this week.

The Federal Reserve Board is on the case, and the days when insurance company officials can shoot first and aim later are going to end, AIG CEO Robert Benmosche warns.

Florida Sen. Bill Nelson, D, says he plans to reintroduce legislation giving the Treasury Department authority to make loans available to state-run reinsurance programs, such as the Florida Hurricane Catastrophe Fund, to ensure their solvency.

Supporters and opponents of Obamacare might go one more round: It has been 3 years since Congress passed the law that has become known as Obamacare. Implementation of the Patient Protection and Affordable Care Act has been underway since the ink dried on the bill.

However, this snagand the potential it raises that the sale could fall throughis unlikely to delay designation of AIG as a systemically significant nonbank by the governmenta step that could occur as early as June 3.

All force-placed insurance firms doing business in New York have now agreed to put in place reforms that will substantively reduce cost of the coverage to homeowners.