Category: U.S. Congress

  Allowing the federal terrorism risk insurance act to expire could have negative consequences for U.S. national security, according to a new study issued by the RAND Corporation today, March 6, 2014. To view the report, click here. Insurance markets …

  Speaking on behalf of the Property Casualty Insurers Association of America at a U.S. Senate Committee hearing on terrorism risk insurance yesterday, February 25, 2014, PMA Insurance Group CEO Vincent Donnelly urged a re-authorization of the Terrorism Risk Insurance …

  In response to a request by members of Congress to study the possibility of private insurers providing more comprehensive insurance, the U.S. Government Accountability Office (“GAO”) issued a January 30, 2014 report addressing (1) what perils homeowners policies typically …

  Plan Would Diversify Risk Across all U.S. Regions & Disaster Categories In a news release issued yesterday, November 20, 2013, David Jolly, a Republican candidate for Florida’s 13th Congressional District (Pinellas County), called for replacing the National Flood Insurance Program …

  The U.S. House of Representatives’ Transportation and Infrastructure Subcommittee on Highways and Transit (“Subcommittee”) will meet tomorrow, November 19, 2013, to hear testimony related to autonomous vehicles and the U.S. surface transportation system. During the hearing, entitled “How Autonomous …

  Federal Emergency Management Agency Administrator Craig Fugate will once again testify on the Biggert-Waters Flood Insurance Reform Act of 2012 tomorrow, November 19, 2013, at a U.S. House Financial Services Housing and Insurance Subcommittee hearing entitled “Implementation of the …

Financial Services Subcommittee Holds Hearing on TRIA Renewal At the U.S. House Committee on Financial Services’ Housing and Insurance Subcommittee (“Subcommittee”) hearing today, November 13, 2013, Ranking Member Maxine Waters (D-CA) called for the quick, clean and long-term renewal of …

Congresswoman Maxine Waters, Ranking Member of the U.S. House Financial Services Committee, has announced a bipartisan legislative solution to fix the National Flood Insurance Program (“NFIP”) and ensure changes are implemented affordably.  In essence, the legislation calls for a four-year …

  The U.S. Senate Banking, Housing and Urban Affairs Committee held a hearing today, September 25, 2013, entitled “Reauthorizing TRIA: The State of the Terrorism Risk Insurance Market.” To go directly to the written remarks submitted by those who testified …

  Federal Emergency Management Agency (“FEMA”) Administrator Craig Fugate, and Louisiana Senators David Vitter and Mary Landrieu were among those testifying today, September 18, 2013, before the U.S. Senate Committee on Banking, Housing and Urban Affairs’ Subcommittee on Economic Policy …