Government Affairs

This week, a Texas district court ruled that the Federal Trade Commission (FTC) cannot enforce its ban on noncompete agreements.

The deduction, which is scheduled to expire at the end of 2025, is heavily relied upon by many Big “I” members and their clients to expand their small businesses, hire more employees, and better serve their communities.

Two Texas district courts issued stays on the rule, which was scheduled to take effect Sept. 23 and would expand the meaning of “fiduciary” under the Employee Retirement Income Security Act (ERISA).

Two lawsuits seek to block the Federal Trade Commission (FTC) ban on noncompete agreements from taking effect as scheduled on Sept. 4.

It is important for every member agency, as well as state associations, to evaluate current employees to determine if they are eligible for overtime pay.

The Big “I” advocated for the inclusion of an administrative and operating (A&O) inflationary adjustment in reinsurance year 2025 along with additional funds in A&O for reinsurance years 2022-2024.

The Big “I” government affairs team released a video explaining the rule, its effect on independent agents and the current state of play.

The Department of Labor (DOL) announced a final rule that will subject the financial services industry to new requirements designed to protect retirement investors from receiving bad or self-interested investment advice.

Independent insurance agents who are considering the impact of the new regulation on their agencies and firms should consider some of the rule’s key elements and certain revisions that were incorporated in the final text.