Browsing: Insurance

Commercial Lending

Amid a record-setting wave of disaster losses in 2017 — including from Hurricanes Harvey, Irma and Maria, plus wildfires in the West — small businesses’ insurance gaps meant that credit availability was a key factor in their ability to recover, according to a report today from the Federal Reserve Banks of New York, Dallas, Richmond and San Francisco.

Insurance

In a letter to lawmakers today, ABA’s Health Savings Account Council applauded a bipartisan measure that would allow HSA plans the option to cover high-value health care services and medications associated with chronic disease management without a deductible.

Compliance

In a comment letter to the Department of Defense today, ABA called on the Pentagon to repeal a section of the amendments to its Military Lending Act interpretive rule relating to service members’ ability to finance the purchase of Guaranteed Acceptance Protection insurance with a loan used to purchase the vehicle.

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