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Federal News and Information


CCP – A Family Affair

While impressing upon members of Congress the impact and importance of legislation affecting the property/casualty insurance industry is the primary reason to participate in NAMIC's Congressional Contact Program, there is also a distinct benefit for children. (Posted: 4/29/2008)


Dangerous ‘Sunshine in Litigation’ Bill Proposed in House

The trial bar is at it again, with legislation that could raise the cost of doing business for insurance companies and others. (Posted: 4/29/2008)


Mississippi, Louisiana Senators Try to Add Wind Coverage to Flood Program

A new development in the efforts to extend and reform the National Flood Insurance Program may intensify the debate on the issue in the Senate. Last week, four senators sent a letter to Chairman Christopher Dodd D-Conn., of the Senate Banking Committee, threatening to prevent the bill from getting to the Senate floor unless wind coverage is added to the program. (Posted: 4/29/2008)


NAMIC Refutes Claims Made by Consumer Federation of America on Best Regulatory Structure

Last Thursday, the Consumer Federation of America released a report claiming laws that require insurers to get advance approval before setting auto rates benefit consumers. According to the study, rates have risen more slowly in states that impose tighter regulation on insurers. (Posted: 4/29/2008)


USDA Announces $267 Million Rural Broadband Loan

United States Department of Agriculture Rural Development Under Secretary Thomas C. Dorr in March announced that Open Range Communications, headquartered in Denver, Colo., has been approved to receive a $267 million loan from USDA Rural Development to provide broadband service to 518 rural communities in 17 states. (Posted: 4/25/2008)


NAMIC Raises Concerns Over Proposed Federal Insurance Office

A leading member of the House Financial Services Committee surprised attendees at a congressional hearing last week with plans to seek a new federal office addressing insurance. (Posted: 4/22/2008)

CEOs Defend Property/casualty Industry Record at AAIS Main Event Conference

A free market in insurance pricing, monitored by a streamlined, state-based regulatory system, is the best way to relieve property insurance problems in distressed markets and keep coverage available and affordable throughout the United States, according to members of a CEO panel at the 2008 AAIS Main Event conference. (Posted: 4/22/2008)

WSJ Letters: Would the Feds Do a Better Job Regulating Insurance?

(Posted: 4/22/2008)


NAMIC PAC Top 10 Contributing Companies Announced

Motorists Insurance Group of Columbus, Ohio, was the top donor in the first quarter, helping the NAMIC Political Action Committee continue toward reaching its goals this year. (Posted: 4/22/2008)


NAMIC Submits Testimony as Congressional Subcommittee Takes Another Look at Insurance Regulatory Reform

NAMIC continued its efforts to advocate for reforming the state-based insurance regulatory structure in testimony sent to Congress last week. The comments are being reviewed by the House Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises, as it continues to explore insurance regulatory reform. (Posted: 4/22/2008)

NAMIC Urges Caution on Proposal to Create Federal Insurance Office (4/17/2008)

Open Competition Without Price Controls is Key to Improved Insurance Regulation, NAMIC Tells Congress (4/16/2008)


NAMIC: Cherry Blossoms and CCP Open Together (4/15/2008)


NAMIC PAC’s Board of Trustees to Hold First Meeting of 2008 (4/15/2008)


Key NAMIC Initiatives Targeted by Visiting Insurance Agents in D.C. (4/8/2008)


NAMIC Takes Lead on Opposition to Federal False Claims Act Correction Proposal (4/8/2008)

U.S. Geological Survey Map Tracks Flood Conditions (4/7/2008)


NAMIC Meets with GAO on Government’s New Terrorism Insurance Backstop (4/1/2008)


NAMIC Vows to Battle Treasury’s Call for OFC (4/1/2008)


NAMIC Launches Campaign to Defeat Costly Legislation (4/1/2008)


NAMIC PAC Hosts Campaign Fundraisers (4/1/2008)


Insurance Regulatory Reform: Congress Plans a Different Approach (4/1/2008)

Treasury Releases Financial Services Regulatory Blueprint; NAMIC Disappointed with Plan (3/29/2008)


CCP Season Set to Begin (3/18/2008)


NAMIC Urges Congress to Consider Reforms to Agent/Broker Licensing (3/18/2008)


NAMIC Concerned Over Panel’s Passage of Sunshine in Litigation Act (3/18/2008)

NAMIC Members Prepare to Descend on Capitol Hill Armed with 2008 Legislative Agenda (3/17/2008)

NAMIC Warns of Potentially Disastrous Effects of Federal Anti-credit Scoring Legislation (3/14/2008)

NAMIC Urges Congress to Consider Reforms to Agent/Broker Licensing (3/13/2008)


NAMIC Vows to Battle Against Unintended Consequences of Consumer Protection Legislation (3/11/2008)


Minnesota: Trial Lawyers Continue Pursuit of ‘Bad Faith’ Proposal (3/4/2008)


NAMIC: Credit Freezes Without Exemptions Could Lead to Higher Rates and Increased Identity Theft for Consumers (3/4/2008)

Credit Freezes Without Exemptions Could Lead to Higher Rates and Increased Identity Theft for Consumers, NAMIC Tells FTC (2/26/2008)


Candidates Raise $3.3 Million A Day in January (2/26/2008)


NAMIC Applauds IRS Decision to Withdraw Controversial Captive Tax Deduction Rule (2/26/2008)


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