NCUA, Others Proposing Rule Encouraging Private Flood Insurance

Federal banking regulators, including the NCUA, are proposing a rule aimed at encouraging flood insurance customers to buy private flood insurance.

By Arthur D. Postal | October 15, 2013 at 04:03 AM

Federal banking regulators, including the NCUA, are proposing a rule aimed at encouraging flood insurance customers to buy private flood insurance.

The rule is mandated by the Biggert-Waters Act of 2012.

Free market advocates, especially some members of the House Financial Services Committee, point to the provision as one of the most important reforms imposed by the embattled new law.

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