Congress News
Too-Big-to-Fail Rule Under Attack From House Republicans
Congressional Republicans are taking aim at the regulatory process through which some financial institutions become subject to heightened regulation because they are deemed too big to fail. In a ...
W.R. Berkley Hires Former Counsel to Ex-Speaker Boehner as Federal Lobbyist
An attorney who worked in Congress for former Speaker of the House John Boehner, and his successor, Paul Ryan, is W.R. Berkley Corp.'s new federal lobbyist. Jo-Marie St. Martin's official title for ...
New 9/11 Law Allowing Lawsuits Against Saudi Arabia May be Narrowed
U.S. lawmakers on Thursday expressed doubts about Sept. 11 legislation they forced on President Barack Obama, saying the new law allowing lawsuits against Saudi Arabia could be narrowed to ease ...
PCI Urges Consideration of Firefighting Funding Reform Bill
The Property Casualty Insurers Association of America is throwing its support behind a bill first proposed in 2015 that would make supplemental federal funding to fight wildfires a more flexible and ...
U.S. Flood Insurance Reform Will Spur Trickle of New Players: S&P
Opening U.S. flood insurance to private insurers won't lead to a surge of new market entrants, Standard & Poor's asserts in a new report. Even if Congress passes legislation to make the change as ...
U.S. House Passes Flood Insurance Reform Bill Insurers Support
The U.S. House of Representatives passed a revamped flood insurance bill by a wide margin. If it becomes law, private flood would meet the mandatory purchase requirement of the National Flood ...
2016 Watch: Solvency II and Other International Issues You Should Care About
The global financial crisis is now seven years behind us and the property/casualty insurance industry and its regulation never faltered before, during or since. Yet, international pressure to ...
It’s Not Halftime: The 114th Congress Just Finished the Third Quarter
The White House and Congressional Christmas trees are up, but with 70 degree weather in Washington—and without a government shutdown threat—it's hard to believe it's the holiday season. It's ...