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 NY/NJ/PA Tripoint & Delaware River
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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. [...] 
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
It seems the campaign by some to extend the National Flood Insurance Program to include wind is postponed until after the election. Via the Sun Herald: The House of Representatives last night approved an extension of the federal flood insurance program until April 30, 2009. The bill, which passed by voice vote and is expected to go [...]
Seen at the Biloxi Sun-Herald: Rep. Gene Taylor’s relentless two-year campaign to secure wind coverage as part of the federal flood insurance program is on the verge of failure, a victim of vicious opposition in the Senate, of suspicions about a new government program and ultimately, of bad timing. "It looks like there will be an extension [...] 
Congress is on vacation, to start the circus of the height of campaign season. New Orleans is watching a cousin of Katrina’s headed its way….and the NFIP is set to expire in a month. You know, if politicians focused on doing good, rather than perpetuating their hold on power, perhaps congresscritters might have approval ratings higher [...] |
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