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Congressional Passage of SMART Act

(Posted: 12/26/2012 10:20:24 AM)

"Super Storm" Sandy and Hurricane Deductibles

"Facing the largest natural disaster since Hurricane Katrina, America's property/casualty insurers have already begun paying tens of thousands of claims to the victims of 'Super Storm' Sandy, honoring their commitments and helping policyholders get back on their feet." (Posted: 11/11/2012 7:59:31 PM)

House Adopts NFIP Reform, 60-Day Extension

"Today’s House vote helps ensure that there will be no lapse of the National Flood Insurance Program, and enacts the first of many much needed reforms to the program." (Posted: 5/30/2012 9:16:06 PM)

NAMIC Comments on Senate Passage of NFIP Extension

“Today’s passage of a short-term NFIP extension by the Senate represents not an end, but another step towards one." (Posted: 5/24/2012 4:12:10 PM)

NAMIC Comments on House Passage of 30-Day NFIP Extension

"We're glad the House recognizes the harm an NFIP lapse would cause and that they have acted to avoid one on May 31. But we echo their call for a Senate vote on reauthorization and reform. (Posted: 5/17/2012 4:20:26 PM)

NAMIC Responds to FSOC Adoption of Final Rule for 'SIFI' Designation of Non-Bank Institutions

"As the FSOC moves into the process of designating those ‘systemically important financial institutions’, we believe the criteria approved by the Council today will reaffirm the argument made by NAMIC and others since the crisis began that traditional property/casualty insurers pose no broader threat to our economic stability." (Posted: 4/3/2012 3:48:32 PM)

NAMIC CEO Calls for NFIP Vote at Senate News Conference

NAMIC strongly urges congress to pass legislation reforming the program and providing for a long-term extension. We respectfully urge Majority Leader Reid to work for quick passage of this legislation by the full Senate. In a sharply divided Congress, flood insurance reform receives rare but overwhelming bipartisan support. We therefore applaud the leadership of these 41 Senators in calling for a vote on the Senate flood bill. (Posted: 2/14/2012 11:45:22 AM)

NAMIC Responds to State of the Union Address

“The President’s State of the Union Speech, and the response by Gov. Mitch Daniels, make clear that both Republicans and Democrats are working to help our economy’s recovery, albeit with very different ideas. At NAMIC we believe that economic growth is best achieved through free, competitive markets without the burden of excessive government regulation. (Posted: 1/25/2012 3:28:39 PM)

NAMIC Comments on Recess Appointment of CFPB Head

“Today’s announcement that the president will name Richard Cordray to head the Consumer Financial Protection Bureau is disappointing. Members of the Senate have raised legitimate concerns about the structure and authority of the CFPB, and its potential to cause more confusion for consumers seeking to resolve complaints than assistance. (Posted: 1/4/2012 5:34:20 PM)

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