Regulation/Legislation

Passage of the National Flood Insurance Program was not without some fireworks on the House floor, as a House Republican tried to delay passage of the bill.

Surplus lines insurers are big winners in the financial reform bill that Congress believes will prevent another economic meltdown that caused the current Great Recession.

The House today passed legislation that would provide certainty to the National Flood Insurance Program, but an approved controversial amendment drew condemnation from insurer groups, and at least one has withdrawn support for the bill.

The Senate today passed and sent to President Obama legislation that would make the most sweeping changes to financial services regulation since the Great Depression.

Rep. Gene Taylor, D-Miss., today characterized as "absurd" a decision by House officials not to allow a floor vote on an amendment to the National Flood Insurance Program that would add wind coverage to the program.

Louisiana Insurance Commissioner Jim Donelon's first choice to take over the state's residual market insurer has declined the job, Commissioner Donelon's office said.