Agencies Issue Long-Awaited Final Rule on Private Flood Insurance Acceptance
The financial regulatory agencies last Friday released a final rule governing the acceptance of private flood insurance.
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State Legislators Signal Support for HSA Fix
The National Council of Insurance Legislators recently met in Oklahoma City and approved a unanimous bipartisan resolution supportive of policies that preserve health savings account access.
10 Real Estate Finance Policy Issues to Watch in 2019
The rapid pace of change will continue in 2019, ABA policy staff project.
After ABA Advocacy, FEMA Reverses Decision on Flood Insurance During Shutdown
Effective immediately, the Federal Emergency Management Agency will allow operations of the National Flood Insurance Program to resume, even while the government remains partially shut down, the agency announced today.
FEMA Curtails New Flood Insurance Policies During Government Shutdown
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.
Trade Groups Call on Congress to Extend NFIP
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.
Senators Urge Action on Private Flood Insurance
A group of eight Republican senators on Friday called on financial regulators to adopt a rule that would provide clear parameters for broad acceptance of private flood insurance.
Federal Report Urges Greater Access to HSAs
Congress should expand consumers’ abilities to benefit from health savings accounts, according to a report issued today by the Departments of Health and Human Services, Labor and the Treasury.
How to Prepare for a Lapse in the NFIP
The National Flood Insurance Program is set to lapse on May 31. Here’s what bankers can do to prepare.
ABA Announces $2 Million Insurance Distribution to Qualified Members
American Bankers Mutual Insurance Ltd. — the reinsurer for the American Bankers Association’s endorsed insurance program — will distribute $2 million to be shared by qualified member banks insured through ABA Insurance Services, the association announced today.