ABA’s Bank Insurance Council wrote to the Department of Labor on Monday seeking clarifications and changes to its fiduciary rule affecting banks that sell insurance.
ABA’s Health Savings Account Council was represented at a White House meeting today convened by Vice President Mike Pence and Secretary of Health and Human Services Tom Price.
Reps. Dennis Ross (R-Fla.) and Kathy Castor (D-Fla.) today introduced a bipartisan, ABA-backed bill to promote the development of a robust private flood insurance market to compete with the National Flood Insurance Program.
Sens. Orrin Hatch (R-Utah) and Marco Rubio (R-Fla.) and Rep. Erik Paulsen (R-Minn.) yesterday introduced the Health Savings Act of 2017, a bill which would enhance and expand health savings accounts.
ABA on Friday commented on a proposal by the federal regulatory agencies to implement 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.
ABA today welcomed a set of draft principles for reauthorization of the National Flood Insurance Program released by Rep. Blaine Luetkemeyer (R-Mo.), chairman of the House Financial Services Committee’s Housing and Insurance Subcommittee.
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.
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.
ABA’s Health Savings Accounts Council today applauded the inclusion of an HSA-qualified plan in the bronze tier of proposed “simple choice plans” that will be available through state health insurance exchanges in 2018.