On the Hill

The legislation includes provisions to help Americans save for retirement. For small businesses, the legislation would create a new financial incentive to offer retirement plans.

President Joe Biden signed legislation that requires critical infrastructure entities to report a hack or significant cyber incident within 72 hours.

FEMA is currently offering new webinars for agents that will focus on the renewal process under Risk Rating 2.0 beginning April 1.

The bill would require FEMA to publish the formulas used to calculate policyholder mitigation credits under Risk Rating 2.0.

Beginning April 1, all flood policies must be priced under Risk Rating 2.0 at renewal. FEMA is offering new webinars that will focus on renewals under Risk Rating 2.0.

Sen. Joe Manchin (D-West Virginia) specifically noted his support of rolling back some of the Trump administration’s tax cuts and raising taxes on individuals and corporations.

As the April 1 implementation date for all Risk Rating 2.0 renewals approaches, agents should review all communication from their Write Your Own (WYO) companies.

The Big “I” noted that pandemics produce an immense magnitude of potential financial losses and do not allow for an insurance-like spreading of risk.

Following the announcement by Washington, D.C. Mayor Muriel Bowser, the Renaissance Washington, DC Downtown Hotel will no longer require proof of vaccination or indoor use of masks for conference attendees.

During the conference, independent insurance agents and brokers from across the country will share their perspectives with legislators on issues important to the independent agency system.