As last week came to a close, two long-simmering legislative issues of great import to the insurance industry came to a head as the Senate passed financial service reform legislation and the house passed a bill that would extend the National Flood Insurance Program (NFIP) for five more years.
After a couple of years of legislative tumult, Jimi Grande, SVP of federal and political affairs for the National Association of Mutual Insurance Cos., says one way or another he’s happy to be moving on. “Washington, now and again, gets thing right,” Grande tells Insurance Networking News. “They understood that the insurance industry was not a part of the financial crisis.”
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