Purchase any WEBINAR and get
10% Off
CODE: SAVE10
T&C applicable, please referFAQ
Validity : 11th Apr'24 to 21st Apr'24
A look at Flood Insurance during Natural Disasters
- A historical look at flood insurance
- Current flood insurance insights with an increase in natural disasters
- Determining how your institution is affected by natural disasters
- How can institutions address areas of concern
- Preparing for the future
Overview of the webinar
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 as well. Natural disasters put those interests at risk. This webinar will discuss what flood insurance covers during a natural disaster, how much it costs, how it works, and who should consider adding it as well as ensuring your institution is compliant with Fair Lending requirements and how to build a successful program.
Who should attend?
- Compliance Officers
- Lending Personnel
- Compliance Auditors
Why should you attend?
The increased scrutiny of examiners and regulators regarding Flood Insurance requires financial institutions to increase their oversight efforts. Non-compliance with Flood Insurance requirements increases risk exposure of financial institutions failing to protect consumers. As a result, financial institutions can experience negative implications affecting them both reputationally and financially. Flood Insurance continues to evolve with the increased number of natural disasters, and it’s now more important than ever those financial institutions ensure they are implementing the appropriate tools to ensure they are compliant with Fair Lending rules and regulations. Learning Objectives are:
- Define what flood insurance is
- Identify operations and activities that have Flood Insurance implications
- Tips and suggestions for an effective Flood insurance program
- How to effectively audit Flood Insurance activities
- Maintaining Flood Insurance compliance
Faculty - Dr.Gina J. Lowdermilk
Dr. Gina J. Lowdermilk, Ph.D. (ABD), CAMS, CRMS is a highly experienced and educated BSA/AML and financial regulatory compliance professional with extensive experience in policy and procedure development and implementation, training, internal audit, monitoring, risk management and reporting. Her emphasis has been working with financial institutions that are experiencing regulatory concerns and resolutions, including enforcement actions such as memorandums of understanding and cease and desist orders. Her 15 years of experience has given her the opportunity to work from small community banks to large, international financial institutions. Her roles not only included BSA/AML and compliance, but also operations, lending services, business development, marketing, management, department development, and asset quality.
Dr. Lowdermilk has worked with almost all financial regulators and examiners. She possesses advanced Microsoft Excel, PowerPoint, Word, Internet Explorer, Visio, and Access skills. She also has experience with FiServ, BAM, CRA Wiz, TeamMate, COGNOS and Metavante banking software. She has been responsible for creating both recurring and ad hoc executive management and board presentations. In addition to her above experience, she is also an adjunct instructor for the business and construction management programs at a local college, as well as writes numerous BSA/AML and compliance articles, training materials, and manuals for numerous clients.