Wednesday, July 30, 2014

NAPSLO internship program in the news

The NAPSLO internship program is featured in a recent story in Insurance Business America, where it is cited as an industry best. You can read the full story here.

NAPSLO summer internships are paid and awarded to college students interested in an insurance career. Interns spend nine weeks with NAPSLO member firms learning all aspects of the surplus lines insurance industry. Interns receive a competitive salary from their host firms and NAPSLO provides a stipend, covers travel, housing and various other related expenses. Interns also compete for additional internships in London and Bermuda that takes place the following summer.

The application deadline for the 2015 NAPSLO Internship Program will be October 15, 2014. A  brochure is available on-line for more information about the program.

Friday, June 20, 2014

TRIA takes step forward to advance in the U.S. House of Representatives along with NARAB II

Today the House Financial Services Committee voted to advance H.R. 4871 the TRIA Reauthorization Reform Act of 2014 for consideration by the full membership of the U.S House of Representatives. NAPSLO previously reported on the proposed legislation here and here. NAPSLO is especially pleased and applauds Chairman Randy Neugebauer for successfully offering an amendment that will include the National Association of Registered Agents and Brokers (NARAB II) as part of this legislation.  NAPSLO strongly supports NARAB II.

The next step for the TRIA legislation is consideration and final vote in both chambers. NAPSLO is hopeful TRIA will be reauthorized in the coming months and that NARAB II will continue to be attached. NAPSLO will continue to provide updates as this legislation progresses. 

Wednesday, June 18, 2014

House Introduces TRIA Reauthorization, Schedules Markup of Legislation

 The National Association of Professional Surplus Lines Offices (NAPSLO) commends the continued progress from Congress on the reauthorization of the Terrorism Risk Insurance Act. Earlier this month, the Senate Banking Committee approved its reauthorization proposal. In recent days, the House Financial Service Committee released legislation which would extend the program for five additional years while making a series of reform to the program. NAPSLO appreciates the Committee's outreach and collaboration with industry as this process has progressed, and also appreciates the Subcommittee’s work on reforms contained in the NARAB II legislation.  NAPSLO continues to support the attachment of NARAB II to the final TRIA reauthorization legislation.

As the process moves forward, NAPSLO continues to urge swift action on the part of Congress to reauthorize TRIA before the program expires at the end of 2014.  A markup has been scheduled for Thursday, June 19 and NAPSLO looks forward to continuing to work with Congress to address this program’s reauthorization.