Insurance News
Regulatory updates in plain English
Stay current with the latest from CMS, state departments of insurance, NAIC, the Federal Register, and Congress — rewritten so you can actually understand what it means for your practice.
Corporate Credit Unions; Fidelity Bond and Insurance Coverage for Federally Insured Credit Unions
The NCUA Board is proposing changes to the rules about fidelity bonds and insurance for federally insured credit unions. These changes aim to make the rules less strict, allowing credit unions more flexibility in choosing coverage amounts and deductibles. This should help credit unions save on costs...
Corporate Credit Unions
The NCUA Board has decided to cancel a previous policy that provided guidance on chartering corporate credit unions. This policy was found to be unnecessary because the information is already covered in another official manual. This change aims to reduce any confusion about the rules for corporate c...
Proposed Flood Hazard Determinations for Gaston County, North Carolina, and Incorporated Areas
FEMA has decided to withdraw its earlier notice about changes to flood hazard maps for Gaston County, North Carolina. This means there will be no updates to the flood elevation levels, flood depth, or flood zone boundaries that were proposed. Insurance agents should stay informed about any future an...