Insurance

Insurance
DOI

Secretary Zinke announces Creation of the “Made in America” Recreation Advisory Committee

U.S. Secretary of the Interior Ryan Zinke announced the establishment of the “Made in America” Recreation Advisory Committee. The Committee will advise the Secretary of the Interior on public-private partnerships across all public lands, with the goal of expanding access to and improving infrastructure on public lands and waterways
Financial Services Committee

Examining the Availability vs. Reliability of Insurance for Non-Profit Organizations

The Subcommittee on Housing and Insurance held a hearing to examine insurance for non-profit organizations. The purpose of this hearing was to evaluate the availability of property insurance coverage for non-profit organizations and address whether Risk Retention Groups (RRGs) should be granted the authority to offer property and auto coverage.
HUD - U.S. Department of Housing and Urban Development

HUD ANNOUNCES DISASTER ASSISTANCE FOR FLORIDA STORM VICTIMS

U.S. Housing and Urban Development today announced HUD will speed federal disaster assistance to the State of Florida and provide support to homeowners and low-income renters forced from their homes due to Hurricane Irma.
NAHB

Statement from NAHB Chairman Granger MacDonald on HUD Suspending FHA Multifamily Mortgage Insurance Applications...

Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas, today issued the following statement regarding the Department of Housing and Urban Development’s decision to halt new FHA multifamily mortgage insurance applications in counties impacted by Hurricane Harvey and designated as Presidentially Declared Disaster areas
NAR

With National Flood Insurance Program Expiring Soon, Realtors® Sound the Alarm

The National Flood Insurance Program is now less than one month away from expiration, raising concerns that homeowners, consumers, and commercial property owners could soon find themselves either unprotected or unable to get a mortgage.

The different types of real estate insurance

Insurance is something that has evolved over the years, to encompass a much larger area. That being said, it has also gotten very specific about what exactly it is that you’re insuring. As for what it means, the definition is in the name. Insurance is something that guarantees you will be reimbursed if something bad happens to whatever it is that you’ve insured.
Financial Services Committee

Committee Completes Markup of Bills to Reauthorize and Reform National Flood Insurance Program

The House Financial Services Committee met today to complete deliberation of and pass several measures to reform and reauthorize the National Flood Insurance Program (NFIP), which is set to expire on September, 30, 2017.
NAR

With National Flood Insurance Program Expiring in Six Months, Realtors® Sound the Alarm

On September 30, just six months from today, the National Flood Insurance Program will expire. The National Association of Realtors® is working closely(link is external) with federal regulators and members of Congress to strengthen the program(link is external) and clear the way for a private market to take hold; NAR has also issued a series of principles(link is external) to improve access and affordability for consumers.
Financial Services Committee

Subcommittee Assesses U.S.-EU Covered Agreement

Members of the Financial Services Housing and Insurance Subcommittee met on Thursday to discuss and hear expert testimony on the recently announced “covered agreement” reached between the United States and the European Union on insurance and reinsurance.

American Land Title Association Supports Effort to Improve Real Estate Closing Process

The American Land Title Association (ALTA), the national trade association of the land title insurance and real estate settlement industry, sent a letter to the National Association of Secretaries of State (NASS) offering support of efforts to promote the understanding of remote electronic notarizations.

American Land Title Association Announces National Notary Association as an Elite Provider

The American Land Title Association (ALTA) has announced that the National Notary Association (NNA) has been named an ALTA Elite Provider.

American Land Title Association Statement on HUD Nominee Dr. Ben Carson

The American Land Title Association (ALTA), the national trade association of the land title insurance and real estate settlement industry, released the following statement today in response to the U.S. Senate Committee on Banking, Housing and Urban Affairs hearing to confirm Dr. Ben Carson as the next secretary of the U.S. Department of Housing and Urban Development

FHA TO REDUCE ANNUAL INSURANCE PREMIUMS ON MOST MORTGAGES

As the nation’s housing market continues to improve, U.S. Housing and Urban Development Secretary Julián Castro today announced the Federal Housing Administration (FHA) will reduce the annual premiums most borrowers will pay by a quarter of a percent. FHA’s new premium rates are projected to save new FHA-insured homeowners an average of $500 annually

House Passes Bill to Increase Transparency in International Regulatory Discussions

The House passed legislation on Wednesday that would enhance congressional oversight of international deliberations relating to insurance standards by a vote of 239-170. Sponsored by Housing and Insurance Subcommittee Chairman Blaine Luetkemeyer (R-MO), the Transparent Insurance Standards Act directs federal regulators to solicit public comments, consult with state officials, and report to Congress before adopting international capital standards or other requirements for U.S. insurance companies.

Consumer Advocacy Groups Condemn Federal Court’s Decision Regarding CFPB

The Washington D.C. Circuit Court of Appeals issued a ruling against the Consumer Financial Protection Bureau (CFPB) in PPH Corporation v. CFPB, a case dealing with the CFPB’s ability to order New Jersey mortgage-lending company PPH to pay a $109 million enforcement penalty after the corporation was found offering illegal kickbacks to mortgage insurance partners.

Popular Government & Nonprofit Press Releases

NAHB

Housing Starts Up Sharply, Near Post-Recession High in October

Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas, today issued the following statement on the House passage of The Tax Cuts and Jobs Act

Recent Government & Nonprofit Press Releases

DCHFA

Thanksgiving Dinner at the DC Housing Finance Agency

DCHFA is opening its doors on Thanksgiving Day to distribute 200 dinners to at risk, homeless families and/or individuals in need of a meal. Dinner will be served by DCHFA staff members and their families who are giving up a part of their Thanksgiving holiday to ensure that others in the community are fed.