The Federal Reserve today proposed to establish risk-based capital requirements for the eight depository institution holding companies it oversees that are significantly engaged in insurance activities.
As seniors struggle with healthcare costs, a recent bipartisan bill introduced by Reps. Ami Bera (D-Calif.) and Jason Smith (R-Mo.) would allow greater flexibility by giving them the option to purchase a health savings account, wrote Kevin McKechnie, executive director of ABA’s HSA Council, in an op-ed in The Hill today.
The American Bankers Association last week urged the National Association of Insurance Commissioners to provide a safe harbor for banks and their affiliates in the insurance distribution business in its “suitability in annuity transactions” model law.
With a vote of 369 to 47 today, the House approved the 2018 Farm Bill.
American Bankers Mutual Insurance Ltd. — the reinsurer for the American Bankers Association’s endorsed insurance program — will distribute $2 million to be shared by qualified member banks insured through ABA Insurance Services, the association announced today.
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.
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.
As banks continue to face threats from cyber incidents, the Federal Financial Institutions Examination Council today issued a joint statement on how it views the role of cyber insurance in banks’ overall risk management strategies.
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
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.