Tag Archives: insurance

American Financial Group to Purchase ABAIS

The American Bankers Association announced yesterday that American Bankers Mutual Insurance Limited—the reinsurer for ABA’s endorsed insurance program—has reached an agreement to sell ABA Insurance Services to American Financial Group.

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Luetkemeyer Introduces Data Security Legislation

Rep. Blaine Luetkemeyer (R-Mo.) today introduced a bill that would amend the Gramm-Leach-Bliley Act to codify existing data breach notification standards for the financial services industry, including insurance providers.

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ABA: Flood Proposal Could Create Confusion for Lenders

ABA on Friday commented on a proposal by the federal regulatory agencies to implement the 2012 Biggert-Waters flood insurance reform law’s efforts to stimulate a robust marketplace for private flood insurance that would offer a competitive alternative to the National Flood Insurance Program.

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Trades Ask Congress to Rein in CFPB’s Insurance Overreach

The American Bankers Insurance Association and several other trade associations today wrote to Rep. Jeb Hensarling (R-Texas), encouraging him to include language in his Financial Choice Act that would clarify an exemption provided in the Dodd-Frank Act for state-regulated insurance products.

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ABIA Comments on Proposed TRIA Changes

In a comment letter to the Federal Insurance Office yesterday, the American Bankers Insurance Association called for FIO to reconsider its definition of “captive insurer” under a proposed rule to implement recent changes to the Terrorism Risk Insurance Act.

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