On the Hill

Supported by the Big “I,” the legislation would eliminate the Federal Insurance Office, an information-gathering body within the U.S. Treasury Department.

The notice to Write-Your-Own insurance companies stated the anticipated quoting and policy issuance for Phase 1 of Risk Rating 2.0 policies will be available starting on Aug. 16.

The Big “I” and other organizations urged the Department of Labor to adopt a staged enforcement policy for new disclosure requirements.

The legislation clarifies that a flood insurance policy purchased in the private market can count as “continuous coverage” under the terms of the National Flood Insurance Program (NFIP).

The webinars will bring agents the latest information on how and when the new pricing methodology for the National Flood Insurance Program (NFIP) will be implemented.

The legislation would phase out the 20% small business tax deduction for taxpayers with incomes over $400,000, while eliminating it altogether for those with incomes exceeding $500,000.

The Big “I” testimony noted that the businesses and nonprofit organizations our members serve were severely impacted by the COVID-19 pandemic and want to be a part of the solution on future pandemic risk.

The PRO Act would drastically change the nation’s labor laws and includes a provision that could significantly impact the independent agency system.

The executive order includes 72 initiatives by over a dozen federal agencies to tackle what President Biden deems are some of the most pressing competition problems in the U.S.

The legislation includes an act requiring all new cars to have an alert system to prevent children being accidently left in back seats, as well as a provision that would increase the required amount of insurance for commercial vehicles.