Flood Insurance and Natural Disasters: How to Build a Successful Compliance Program
OVERVIEW Flooding is the most common natural disaster in the United States. It's also the most expensive, costing homeowners, insurers and the government billions each year. If most of your customer’s wealth is tied up in their house, they may be risking financial ruin without adequate flood insurance coverage . Financial institutions also must protect their financial interests. Natural disasters put those interests at risk. This webinar will discuss what flood insurance during natural disasters covers, how much it costs, how it works, and who should consider adding it as well as how to ensure that your institution is compliant with Fair Lending requirements and how to build a successful program. WHY SHOULD YOU ATTEND The increased scrutiny of examiners and regulators regarding flood insurance compliance program requires financial institutions to increase their oversight efforts. Non-compliance with flood insurance requirements increases risk exposure of financial in...