American Bankers Mutual Insurance Ltd. — the reinsurer for ABA’s endorsed insurance program — will distribute $1.6 million to be shared by qualified member banks insured through ABA Insurance Services Inc., the association announced tod
In a bipartisan vote today, the House passed H.R. 2874, which would reauthorize the National Flood Insurance Program for up to five years.
ABA today urged the House to pass H.R. 2874, which would reauthorize the National Flood Insurance Program for up to five years.
The House is expected to vote Thursday on a flood insurance reauthorization bill.
The National Flood Insurance Program has depleted its capacity to borrow from the Treasury Department following the destruction of Hurricanes Harvey, Irma and Maria, according to the Federal Emergency Management Agency.
The Federal Emergency Management Agency estimates that the total cost to the National Flood Insurance Program following Hurricane Harvey could total as much as $11 billion.
ABA’s Health Savings Account Council recently wrote to Sens. Lindsey Graham (R-S.C.) and Bill Cassidy (R-La.) in support of the HSA-related provisions of their proposal to reform the Affordable Care Act.
Nine out of ten banks have financial institution bond, directors’ and officers’ liability, automobile insurance and umbrella liability policies, according to findings from ABA’s 2017 Bank Insurance Survey Report released this week.
ABA yesterday advocated for changes to the National Association of Insurance Commissioners’ latest draft of the insurance data security model law, which would establish data security and data breach notification standards for insurers and insurance agencies.