On the Hill

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.

Unless struck down by the state’s courts, the regulatory ban is scheduled to take effect on March 4 and will remain in place for at least three years.

As of press time, the U.S. Senate was expected to pass legislation that would fund the government through March 11, 2022, and extend the National Flood Insurance Program (NFIP) for the same period.

At the hearing, there was overwhelming bipartisan support for the Federal Crop Insurance Program (FCIP) and the critical role it plays in farm communities and food security.

The U.S. Senate is expected to take up the legislation in the coming days, which is needed to avoid a government shutdown and a lapse in the NFIP.

The legislation would prevent criminal prosecution and civil liability against agents and brokers who choose to engage with “cannabis-related legitimate businesses.”

The Big “I” is a strong supporter of a robust and reliable FCIP, which is designed to provide certainty for American farmers and communities.

In comments submitted to U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), the Big “I” objected to the definition of “operating presence at a physical office within the United States.”