ABA recommends reauthorizing NFIP on a five-year basis
NFIP is “essential” so borrowers in flood-prone areas can access mortgage collateral and insurance to protect their properties, ABA said.
Browsing: Insurance
IRS updates contribution limits for HSAs
The Internal Revenue Service today released updated contribution limits—adjusted for inflation—for health savings accounts for 2023.
ABA Announces $3 Million Insurance Distribution to Qualified Members
American Bankers Mutual Insurance Ltd.—the reinsurer for the American Bankers Association endorsed insurance program—will distribute $3 million to be shared by qualified member banks insured through ABA Insurance Services, the association announced today.
State Health Mandates Challenging Health Savings Account Eligibility
To help chronically ill Americans afford the high costs of prescription drugs, 11 states have adopted so-called copay accumulator “adjustment” laws.
Survey: One in Five Millennials Have HSAs
Younger Americans are embracing health savings accounts, with about one in five people in their 30s having an account, according to a new HSA market survey released today by consulting firm Devenir and the American Bankers Association’s Health Savings Account Council.
Survey: HSA Accounts, Assets Grew in 2020
Health savings accounts saw robust asset growth in 2020, with $82.2 billion in assets held in 30.2 million accounts, according to a year-end HSA market survey conducted by consulting firm Devenir.
Vilsack Confirmed as Ag Secretary; Trades Call for Protection of Crop Insurance
The Senate yesterday confirmed Tom Vilsack to serve as agriculture secretary by a bipartisan vote of 92 to 7. Vilsack previously served in the role during the Obama administration.
BOLI: A Stable Asset in Unstable Times
A surge of liquidity and prolonged period of low interest rates are creating new questions for balance sheet management.
ABA Announces $2.5 Million Insurance Distribution to Qualified Members
American Bankers Mutual Insurance Ltd.—the reinsurer for the American Bankers Association’s endorsed insurance program—will distribute $2.5 million to be shared by qualified member banks insured through ABA Insurance Services, the association announced today.
HUD Proposal to Allow Private Flood Insurance for FHA-Insured Mortgages
The Department of Housing and Urban Development today Read the proposal to allow mortgagors the option to purchase private floor insurance on Federal Housing Administration-insured mortgages for properties located in Special Flood Hazard Areas.