Browsing: Insurance

Newsbytes

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.

Insurance

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.

Insurance

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.

Insurance

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.

Ag Banking

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.

Cybersecurity

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.