Category: U.S. Congress

  The Federal Emergency Management Agency  (“FEMA”) is justified in not implementing Community-Based Flood Insurance (“CBFI”), the U.S. Government Accountability Office (“GAO”) reported on August 24, 2016 in its statutory review of a related FEMA study published earlier this year.  …

  Does the current regulatory environment pose barriers to growing the private flood insurance market?  This was the question the U.S. Government Accountability Office (“GAO”) set out to answer in its recent report (GAO-16-611) issued during July 2016 entitled “Potential …

  Just before the June 1 start of the 2016 Hurricane Season, U.S. Senator Marco Rubio (R-Fla.), chairman of the Subcommittee on Oceans, Atmosphere, Fisheries, and Coast Guard, convened a hearing entitled “Improvements in Hurricane Forecasting and the Path Forward” …

  Relying on the state-based insurance regulatory system to oversee the delivery of property insurance coverage for flood insurance by private insurers would be the best way for Congress to move federal government expenditures and activities towards investments in resiliency …

  Led by Federal Insurance Office Director Michael McRaith, a panel of insurance industry leaders testified in Washington D.C. at a U.S. House of Representatives Financial Services’ Housing and Insurance Subcommittee hearing yesterday, September 29, 2015.  Entitled “The Impact of …

  The results of a highly anticipated study undertaken by the United States Senate Committee on Banking, Housing, and Urban Affairs’ (“Committee”) Banking Investigative Group on alleged National Flood Insurance Program (“NFIP” or “Program”) underpayment of claims filed in the …

  Florida was among 10 states recently reviewed by the U.S. Government Accountability Office (“GAO”) in an effort to gain a better understanding of states’ approaches to budgeting for disaster costs, with the goal of informing Congressional consideration about the …

  Florida Insurance Commissioner Kevin McCarty will testify in Washington D.C. on various aspects of insurance regulation in two of three separate Congressional hearings on the topic this week.  He begins tomorrow, April 28, 2015, with the U.S. Senate Committee …

  On March 19, 2015, the U.S. Government Accountability Office (“GAO”) reported on legislative proposals and international coordination in regard to financial company bankruptcies.  To access the complete report and supporting information, click here.   What GAO Found The U.S. …

  In a report to U.S. House Financial Services Committee Ranking Member Maxine Waters (D-CA) today, February 19, 2015, the U.S. Government Accountability Office (“GAO”) reviewed the Federal Emergency Management Agency’s (“FEMA’s”) implementation of the Homeowner Flood Insurance Affordability Act …