US Congress extends National Flood Insurance Program

us-congress

President Barack Obama has signed into law legislation that extends the National Flood Insurance Program (NFIP) through to 31 May.

The extension allows the NFIP to issue new policies which it has been unable to do since March.

The program had lapsed on 28 March after the Senate failed to pass what is known as the "extenders" bill

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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