Late Sunday, Congressional leadership approved a roughly $900 billion COVID relief package and a $1.4 trillion omnibus government funding package, expected to be approved today. The package includes roughly $325 billion in small business relief, including
The 2021 Big “I” Legislative Conference will now take place virtually. Exact dates for the virtual conference, which was scheduled to take place in person April 14-16, 2021, in Washington, D.C. are yet to be finalized.
Earlier this week, the Department of Labor ruled on creating a new exemption for investment advice fiduciaries allowing financial advisers to collect commissions and other compensation when offering retirement advice.
The flood industry, industry stakeholders and policyholders are unified in the fact that Congress needs to act on long-term reauthorization to end the cycle of short-term extensions to the NFIP.
The Big “I” was successful in securing a full exemption for independent insurance agents and brokers from duplicative small business beneficial ownership reporting requirements.
The legislation extends government funding until Dec. 18, giving Congress time to act on federal funding through 2021 and possibly additional COVID-19 relief. The Big “I” continues to advocate for small business support.
The Coalition Organized for the Future of Insurance Regulation, of which the Big “I” is a founding member, sent a letter to the Senate seeking to prevent the elimination of the health insurance industry’s exemption from federal antitrust laws.
This week, the Big “I” joined organizations in sending two letters urging Congress to expedite action on the Paycheck Protection Program and to expand loans to cover small businesses structured as 501(c)6 organizations.
The House Subcommittee on Housing, Community Development and Insurance held a virtual hearing examining how the pandemic has impacted the insurance industry and how to insure for the future. The Big “I” submitted written testimony.
The Big “I” has secured a full exemption for independent agents and brokers from onerous requirements in the National Defense Authorization Act and will advocate that the exemption is included going forward.