Browsing: Insurance

Insurance

The American Bankers Association last week urged the National Association of Insurance Commissioners to provide a safe harbor for banks and their affiliates in the insurance distribution business in its “suitability in annuity transactions” model law.

Insurance

In an unanticipated move yesterday, the Federal Emergency Management Agency announced that it will halt regular National Flood Insurance Program operations during the government shutdown, a decision that will complicate and potentially delay loan closings for borrowers seeking mortgages where NFIP coverage is required.

Insurance

The American Bankers Association joined 26 other industry trade groups in a letter to congressional leaders urging them to take action to extend the National Flood Insurance Program, which is scheduled to lapse on Friday.

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