Search Results: keywords:"reinsurance"

  • H. R. 1481 — To amend the Internal Revenue Code of 1986 to establish a system for the taxation of catastrophic risk transfer companies to ensure sufficient capital to cover catastrophic insurance losses, and for other purposes.
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    Status:Introduced in House
    Words:4,879

    The Catastrophic Risk Transfer Act of 2025 aims to amend the Internal Revenue Code to create a tax system for companies that handle catastrophic risks, like major natural disasters, to ensure they have enough capital to cover potential insurance losses. These companies must...

    Simple Explanation

    The Catastrophic Risk Transfer Act of 2025 wants to make sure that special companies, which protect against big disasters like hurricanes, have enough money by making new rules about how they should pay taxes and handle money. These rules help make sure that the companies and their helpers stick to their main job of handling big risks, while also being fair and clear about how they pay their share of taxes.

  • H. R. 827 — To ensure the availability and affordability of homeowners’ insurance coverage for catastrophic events.
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    Status:Introduced in House
    Words:6,076

    H.R. 827, known as the "Homeowners’ Defense Act of 2025," was introduced to make homeowners' insurance for catastrophic events more accessible and affordable. The bill proposes the establishment of a National Catastrophe Risk Consortium to help manage insurance risks and...

    Simple Explanation

    The Homeowners' Defense Act of 2025 is a plan to help people get affordable home insurance in case of big natural disasters, like earthquakes or storms. It suggests ways for the government and states to work together to manage and pay for these insurances, making sure homes can be fixed and people stay safe.