The New York Department of Financial Services proposed new rules today that will prohibit forced-placed insurers from placing such coverage on mortgaged property serviced by an affiliated bank or servicer.
After overwhelmingly passing legislation in 2012 to bring rates at the federal flood insurance program to actuarially-sound levels, members of the Senate Banking Committee sought to distance themselves from the measure.
After overwhelmingly passing legislation in 2012 to bring rates at the federal flood insurance program to actuarially-sound levels, members of the Senate Banking Committee sought to distance themselves from the measure.
The administrator for the Federal Emergency Management Agency said it will take up to two years for a study on affordability issues related to the National Flood Insurance Program to be completed.
The administrator for the Federal Emergency Management Agency said it will take up to two years for a study on affordability issues related to the National Flood Insurance Program to be completed.
The Mississippi insurance commissioner is going it alone in filing a lawsuit aimed at delaying the onset of flood insurance rate hikes after the state attorney general declined to represent him.
Five years after AIGs emergency takeover by the Federal Reserve Board, a National Economic Council report touts the bailouts successes, while the New York DFS reopens an investigation into the insurers risk-management practices leading up to the federal actions.
Five years after AIGs emergency takeover by the Federal Reserve Board, a National Economic Council report touts the bailouts successes, while the New York DFS reopens an investigation into the insurers risk-management practices leading up to the federal actions.
Congress is apparently determined to allow increases in flood insurance premiums imposed by a 2012 National Flood Insurance Program reauthorization law.