Insurance

ABA Announces $1.5 Million Insurance Distribution

American Bankers Mutual Insurance Ltd. -- the reinsurer for ABA’s endorsed insurance program -- will distribute $1.5 million to be shared by qualified member banks insured through ABA Insurance Services, Inc., the association announced today.

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Private Flood Insurance Proposal Aims to Ease Compliance

The FDIC, OCC, Federal Reserve, Farm Credit Administration and National Credit Union Administration today issued a proposed rule implementing the 2012 Biggert-Waters flood insurance reform law’s efforts to stimulate a robust marketplace for private flood insurance that would offer a competitive alternative to the National Flood Insurance Program.

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Data Theft Damages: Who Pays?

When it comes to data breaches, the hack of the archaic Myspace—the failed social media platform that was rendered obsolete by Facebook—proves nothing is safe.

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