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Natural Disaster Policy Should Not Incentivize Risky Behavior, NAMIC Tells Congress
To properly address coastal insurance issues there must be an appropriate balance between the private insurance sector and the government that avoids encouraging risky behavior in disaster-prone areas. (Posted: 7/2/2009)
Florida Members in Washington for 2009 CCP
Last Tuesday, NAMIC member companies from Florida traveled to Washington DC to participate in the 2009 Congressional Contact Program. Representing the state was Dale Hammond, president of HomeWise Insurance Co. out of Tampa. This was Florida's second CCP trip this spring - in May, Susan Mack, senior vice president of the Main Street America Group came to Capitol Hill. This is Florida's 2nd year participating in CCP. (Posted: 6/30/2009)
Temporary Extension of Flood Program Expected After Recess
With an ambitious agenda and promises to address the financial crisis, energy and climate change, healthcare, appropriations, and immigration, Congress will not have time to deal with the reform and reauthorization of the National Flood Insurance Program (NFIP) before its September 30 expiration date. Instead they have decided to do yet another temporary extension until March 31, 2010, which will be introduced in the House of Representatives immediately following the July 4 recess. (Posted: 6/30/2009)
Surplus Lines Legislation Introduced in the Senate
On June 25, Senators Evan Bayh, D-Ind., and Mel Martinez, R-Fla., introduced S. 1363, the Nonadmitted and Reinsurance Reform Act of 2009. The legislation would modernize the regulation of non-admitted insurance and reinsurance markets. Senators Bill Nelson, D-Fla., and Mike Crapo, R-Idaho, cosponsored the legislation. (Posted: 6/30/2009)
NAMIC Sends Letter to Key Congressional Leaders
Last week, NAMIC sent a letter to the Chairman and Ranking Member of both the House Financial Services Committee and the Senate Banking, Housing and Urban Affairs Committee. On the heels of the Obama Administration’s release of the white paper on financial services regulatory reform both committees have scheduled hearings considering various aspects of the plan as they begin to craft legislation. (Posted: 6/30/2009)
Georgia Members in Washington for 2009 CCP
Last Thursday, NAMIC member companies from Georgia traveled to Washington DC to participate in the 2009 Congressional Contact Program. The group held 11 meetings with members of the Georgia delegation and handed out 4 Benjamin Franklin Public Policy Awards. This was Georgia's 11th year participating in CCP. (Posted: 6/30/2009)
Aftermarket Parts Legislation Introduced
On Thursday, Rep. Zoe Lofgren D-Calif., introduced the “Access to Repair Parts Act,” H.R. 3059, in the House of Representatives and Sen. Sheldon Whitehouse, D-RI, introduced companion legislation in the Senate. The bills would guarantee consumers the ability to choose high-quality, low-cost alternative collision replacement parts when repairing their vehicles. This “repair clause” legislation would amend current patent law and preserve competition in the automotive replacement parts market, providing options for budget-conscious consumers and helping to keep businesses afloat in these tough economic times. (Posted: 6/30/2009)
NAMIC To Congress: Support The “Access To Repair Parts Act”
Today, NAMIC joined a growing roster of consumer advocates and business groups applauding the introduction of the “Access to Repair Parts Act.” (Posted: 6/26/2009)
Minnesota Members in Washington for 2009 CCP
NAMIC member companies from Minnesota traveled to Washington, D.C., last Wednesday to participate in the 2009 Congressional Contact Program. The group had successful meetings with its state delegation and handed out four Benjamin Franklin Public Policy award. This was Minnesota's 20th year participating in CCP. (Posted: 6/23/2009)
Indiana Members in Washington for 2009 CCP
NAMIC member companies from Indiana were in Washington, D.C., last Tuesday to participate in the 2009 Congressional Contact Program. The group had successful meetings with every office in its state delegation and handed out four Benjamin Franklin Public Policy awards. This was Indiana's 22nd year participating in CCP. (Posted: 6/23/2009)
NAMIC Update on Harmful Workers’ Compensation Legislation (6/23/2009)
New Jersey Members in Washington for 2009 CCP (6/23/2009)
Alabama Members in Washington for 2009 CCP (6/23/2009)
Secretary Geithner Testifies Before Congress on Administration’s Plans for Regulatory Reform (6/23/2009)
NAMIC Encouraged but Cautious About Administration’s New White Paper (6/17/2009)
NAMIC Provides Guidance on Newly Implemented Identity Theft Rules (6/16/2009)
Another Short-term Extension of the National Flood Insurance Program Likely (6/16/2009)
Administration Releases Plans for Financial Services Regulatory Reform (6/16/2009)
New Hampshire Members in Washington for 2009 CCP (6/16/2009)
Wisconsin Members in Washington for 2009 CCP (6/16/2009)
Texas Hosts Blue Bell Ice Cream Reception (6/16/2009)
Proposed Financial Products Safety Commission Gains Traction (6/16/2009)
NAMIC Testifies Today Before Capital Markets Subcommittee (6/16/2009)
Property/Casualty Insurance Industry Not Systemically Risky, NAMIC Will Tell Key Congressional Panel (6/12/2009)
NAMIC PAC Hosts Fundraiser for Barney Frank (6/9/2009)
NAMIC Attends White House Meeting on Regulatory Reform (6/9/2009)
NAMIC Members Continue to Hit Capitol Hill Hard (6/9/2009)
Kanjorski Reintroduces OII (6/2/2009)
Former Massachusetts Governor Warns Against Dangers of Employee Free Choice Act (6/2/2009)
Congress Returns From Recess With Packed Summer Agenda (6/2/2009)
Bill to Streamline Agent Licensing Introduced in the House (5/26/2009)
Building Codes Legislation Introduced in the House (5/26/2009)
Surplus Lines Regulatory Reform Bill Introduced (5/26/2009)
NAMIC Urges Swift Congressional Action to Ease Access to Surplus Lines Insurance (5/22/2009)
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