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NFIP Reauthorized (for a few weeks anyway)

Insurance

Seen at Business Insurance:

President Barack Obama has signed into law a measure that extends the National Flood Insurance Program through March 28.

The NFIP extension is part of measure that temporarily extends a variety of federal programs, a bill that stalled in the Senate when Sen. Jim Bunning, R-Ky., objected to the package’s $10 billion price. [...]

National Flood Insurance Program in Limbo

Congress

I feel disappointed in myself for not having caught this news earlier, but it seems that one casualty of the Senate’s backlog may be flood insurance.

According to Insurance Journal, the NFIP is not accepting new business since an omnibus bill which includes yet another temporary reauthorization is stuck in queue with the Senate.

The IJ [...]

If It’s Friday, It Must Be Time To Renew NFIP Again

Insurance

Here we go again.  Quoting IJ:

Time is running out once again for the National Flood Insurance Program, which is set to expire on Dec. 18.

Congress passed a short-term extension in September that moved the expiration deadline for NFIP to Dec. 18, 2009. But if Congress fails to act again this week, the main source of [...]

Flood Insurance: When Does “Temporary” Become Standard Operating Procedure?

Insurance

Seen at Insurance Journal:

Congress has again temporarily extended the federal flood insurance program, this time until Dec. 18, 2009.

The latest extension was approved by the House and Senate as part of an appropriations bill for the Department of the Interior.

Without the extension, the National Flood Insurance Program would have expired Oct. 31. This deadline was [...]

Mississippi Supreme Court Chimes in on Wind Versus Water

Insurance

This week saw the Mississippi Supreme Court rule on a lawsuit arising from a dispute between USAA and a homeowner over a Katrina claim.  The case is Corban v. USAA, and the ruling is online.

The short version of the Corban claim is:

The Corbans had a very nice property close to the Mississippi at the time [...]

New Flood Insurance Logo: A Football

Congress

Seen at Insurance Journal:

The U.S. Senate passed a temporary extension of the National Flood Insurance Program (NFIP) and President Barack Obama signed the legislation into law just few hours before the program was set to expire yesterday.

The NFIP extension was passed as a Continuing Resolution (CR) by the Senate as part of the House-Senate Conference [...]

NFIP Gets Five Day Extension

Insurance

Seen at Insurance Journal:

The U.S. Senate passed a five-day extension to the National Flood Insurance Program (NFIP) by voice vote this afternoon after lawmakers delayed action Thursday night on the federal omnibus bill which would have extended the NFIP through the fiscal year.

Without the continuing resolution (which passed the House earlier in the day), no [...]

Chop Suey for a Friday

Chop Suey

I’ve been busy and have once again accumulated a pile of articles worth mentioning without having the time to go into much detail.

Business Insurance has an article summarizing a recent Hewitt study, reporting that 19% of all employers are planning to eliminate employee health benefits over the next 3-5 years.  It’s not clear from the [...]

A Little Chop Suey for a Travel Day

Chop Suey

I’m still on the road, so rather than attempt to squeeze in normal blogging, I’ll just point to a few things in my reading list:

For those who are so inclined, the SOA has issued a call for essays on “Visions of the Future of the U.S. Health Care System”.  This appears to be the latest [...]

I’ve Been Busy, So It’s Chop Suey Tonight

Chop Suey

It looks like the first half of the year at my day job is going to feature my juggling several fun, but inconveniently timed, big projects.

I fear that there will be more weeks like this one, where all sorts of articles worth sharing pop into my inbox, but I don’t have time to do them [...]