ABA and its American Bankers Insurance Association subsidiary yesterday welcomed a pair of bipartisan bills, S. 1679 and H.R. 2901, that would help develop a competitive private marketplace as an alternative to the National Flood Insurance Program.
Browsing: Flood insurance
The federal financial agencies today finalized a rule implementing the mandatory escrow and detached structure requirements in last year’s Homeowner Flood Insurance Affordability Act, which addressed affordability problems in the 2012 Biggert-Waters flood insurance reform law.
As debate swirls on Capitol Hill about the future of the U.S. Export-Import Bank — whose charter is scheduled to expire on June 30 — the Senate Banking Committee will hold two hearings on Ex-Im this week: a roundup of perspectives on the bank’s function and usefulness tomorrow and an oversight hearing with the bank’s president, Fred Hochberg, on Thursday.
The Federal Emergency Management Agency yesterday requested comments on its preliminary 2015 flood hazard determinations.
The most recent issue of the Federal Reserve publication Consumer Compliance Outlook features an article on lender-placed flood insurance.