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Health Law Limiting Tax Deductions for Executive Pay at Insurance Firms
Congress is using the new health- care law to limit tax deductions for executive pay at medical insurance companies in a bid to prevent corporate officers from personally benefiting from expanded enrollments.
Read more on Bloomberg
Legislation to extend federal flood insurance program is headed to Obama’s desk
Legislation to extend the federal flood insurance program through Sept. 30 is headed to President Barack Obama for his expected signature. After weeks of delay, and political posturing, the Senate approved the extension Wednesday night by voice vote. “Thank God,”…
Read more on New Orleans Times-Picayune
House panel passes bill on flood insurance reform
WASHINGTON, D.C. – The U.S. House Financial Services Committee has passed House Resolution 5114, the Flood Insurance Reform Priorities Act of 2010, which contains provisions written by U.S. Rep. Jerry Costello that would prevent mandatory purchase requirements for flood insurance from taking effect for five years.
Read more on The Telegraph
Congress panel backs flood insurance overhaul
A bill to overhaul the troubled National Flood Insurance Program, which covers more than five million homes and businesses in flood-prone areas, was approved on Tuesday by a congressional committee.
Read more on Reuters via Yahoo! News
Congress retroactively raises FDIC deposit insurance limits, aiding IndyMac account holders
Lawmakers completing an overhaul of financial regulations also agree to permanently increase coverage for individual accounts to $250,000. Lawmakers completing a sweeping overhaul of financial regulations have given 8,700 former account holders at failed IndyMac Bank a surprise gift, retroactively increasing government-backed deposit insurance limits that would allow them to recover some of …
Read more on Los Angeles Times
Congress panel backs U.S. flood insurance overhaul
WASHINGTON (Reuters)—A bill to overhaul the troubled U.S. National Flood Insurance Program, which covers more than 5 million homes and businesses in flood-prone areas, was approved Tuesday by a congressional committee.
Read more on Business Insurance
House Commitee Advances 5-Year Flood Insurance Extension
A bill to overhaul the troubled U.S. National Flood Insurance Program, which covers more than five million homes and businesses in flood-prone areas, was approved on Tuesday by a congressional …
Read more on Insurance Journal
US Labor Secretary Solis announces release of $7.8 million in unemployment insurance modernization incentive funds to …
U.S. Secretary of Labor Hilda L. Solis today announced during a press conference call the release of $7,820,193 in unemployment insurance modernization incentive funds to the state of Rhode Island. Rhode Island qualified for a portion of its share of the funds available under the American Recovery and Reinvestment Act because its unemployment law contains provisions that allow workers to use …
Read more on U.S. Department of Labor
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