Insurance

ABIA Comments on Proposed TRIA Changes

In a comment letter to the Federal Insurance Office yesterday, the American Bankers Insurance Association called for FIO to reconsider its definition of “captive insurer” under a proposed rule to implement recent changes to the Terrorism Risk Insurance Act.

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ABA Urges HHS to Keep HSAs in Health Care Exchanges

In a letter to the U.S. Department of Heath and Human Services last week, ABA urged it to reconsider a recently issued regulation that would effectively eliminate health savings account-qualified health plans from insurance exchanges beginning next year, causing an estimated 2.8 million Americans to lose their coverage.

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ABA Renews Endorsement of Affinion Insurance Solutions

ABA today renewed its endorsement of the insurance products marketed and administered by Affinion Insurance Solutions, including accidental death and dismemberment and hospital accident protection and recuperative care, as well as a new product, simplified issue term life insurance.

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FDIC Releases Flood Insurance Resource Videos

The FDIC today released an updated series of resource videos on flood insurance to help bank executives and compliance staff better understand federal flood insurance laws, regulations and compliance responsibilities.

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Of Ubers, Tech Users and Elder Abusers

As technology evolves, state-level stalwarts such as elder financial abuse and foreclosure are now sharing the legislative spotlight with novel issues generated from the success of Airbnb, Uber and other “sharing economy” firms.

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CFPB Finalizes Unavailing ‘No-Action’ Letter Policy

The Consumer Financial Protection Bureau today finalized a policy under which companies may request “no-action” letters indicating that bureau staff have “no present intention” to initiate enforcement or supervisory actions based on a particular product or aspect of a product.

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