Lawmakers Introduce Legislation to Expand HSAs
Sens. Orrin Hatch (R-Utah) and Marco Rubio (R-Fla.) and Rep. Erik Paulsen (R-Minn.) yesterday introduced the Health Savings Act of 2017, a bill which would enhance and expand health savings accounts.
Browsing: Insurance
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.
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.
ABIA Weighs in on Incentive-Based Compensation Proposal
In a letter to regulators today, the American Bankers Insurance Association expressed its opposition to the Federal Reserve Board’s proposal to apply its incentive-based compensation rule to persons providing insurance.
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.
ABA Renews Endorsement of Affinion Insurance Solutions
ABA today renewed its endorsement of the insurance products marketed and administered by Affinion Insurance Solutions, including accidental death and dismemberment and hospital accident protection and recuperative care, as well as a new product, simplified issue term life insurance.
FDIC Releases Flood Insurance Resource Videos
The FDIC today released an updated series of resource videos on flood insurance to help bank executives and compliance staff better understand federal flood insurance laws, regulations and compliance responsibilities.
House Committee Passes Flood Insurance Legislation
The House Financial Services Committee last week voted to advance the Flood Insurance Market Parity and Modernization Act to the full House for consideration.
ABA, Associations Urge Congress to Protect Crop Insurance
In a joint letter yesterday, ABA and several farming industry groups called on congressional budget committees to protect crop insurance as they develop budget proposals for fiscal year 2017, urging them not to reopen the 2014 Farm Bill in their efforts to reduce the national deficit.
ABA Partners in Release of Cyber Insurance Purchaser’s Guide
As cybersecurity continues to rank among top concerns of CEOs and board members across the industry, ABA, in partnership with the Financial Services Sector Coordinating Council, has released a Purchaser’s Guide to Cyber Insurance to help organizations weigh their insurance options.