Regulation/Legislation

Connecticut lawmakers have extended the state’s flex-rating law for two years.

The Government Accountability Office has issued a scathing report on the management of the National Flood Insurance Program, and also notes that under current conditions there is no way the program will ever be “financially sound.”

The Texas Windstorm Insurance Association has purchased $636 million in reinsurance protection.

Federal flood-management officials are considering whether to base National Flood Insurance Program premiums on community-mitigation efforts—a departure from current practice.

Sen. Richard Shelby of Alabama says the National Flood Insurance Program needs significant revisions to ensure sustainability.

Louisiana Insurance Commissioner Jim Donelon calls the shooting deaths of two insurance department fraud investigators the darkest day in the department's history.