Anonymous sources
PropertyCasualty360
House Action on Senate's 60-Day NFIP Extension Likely, but Not Assured - PropertyCasualty360
An industry lobbyist involved in the talks who asked not to be identified, agrees. “I think the House will accept the 60-day extension that just cleared the Senate,” he says. “Members don't want to have a lapse and they don't want to be seen as ...
House Subcommittee to Address Bills to Rollback Federal Oversight - PropertyCasualty360
One industry lawyer, who declined to be identified by name, said the legislation would have the potential for barring the Fed from enforcing provisions of the Volcker Rule on insurers. These would include ensuring that insurers complied with exemption ...
FDIC Reg Spells Out Authority Over Troubled Insurers - PropertyCasualty360
The lawyer, who asked not to be named but is based in Washington, DC, said the rationale given by the FDIC for this authority is that this “will best avoid the possibility of harmful delay and help ensure a speedy and orderly liquidation process. ...
House GOP: FEMA Should Look Into Privatizing Flood Program - PropertyCasualty360
A source close to the matter who preferred to remain anonymous said Congress is unsure of what it wants and that it is “going through policy gymnastics in order to reduce the cost of flood insurance to constituents.” The provisions dealing with ...
House Slates NFIP Hearing; Reauthorization Bill May Be Near - PropertyCasualty360
Industry officials who asked not to be named confirmed that Rep. Biggert has agreed to sponsor legislation, which passed the House in July, reauthorizing the program for five years. The Senate did not take up the bill. The program has been operating on ...