On the Hill

The “Nonprofit Property Protection Act” would broadly preempt state insurance regulatory protections, undermining the state-based system.

The U.S. House Financial Services Subcommittee on National Security, International Development and Monetary Policy held a hearing last week on the financing of domestic terrorism and extremism.

InsurPac, the Big “I” political action committee, raised nearly $1.2 million during the 2019 calendar year, which made it the largest fundraising year in its history.

The U.S. Supreme Court has a full load of weighty cases to consider this term. Here are the ones that could affect the insurance industry.

The new law contains significant incentives for small and mid-sized businesses to offer retirement plans and regulatory changes to provide options for individuals planning for retirement.

Key victories include a huge win giving independent agencies tax relief and a trifecta of Big “I” priorities made into law.

Big “I” member Quincy Branch is a member of the Federal Advisory Committee on Insurance Subcommittee on the Availability of Insurance Products.

Today, the U.S. Senate passed a legislative package that includes three key priorities for independent agents: Reauthorizing the Terrorism Risk Insurance Act, extending the National Flood Insurance Program and repealing the “Cadillac tax.”

Last week, the Big “I” and other industry groups, sent a letter to the U.S. Department of Agriculture and the acting director of the Office of Management and Budget, urging them to oppose any cuts to the Federal Crop Insurance Program.

The Big “I” is proud to announce that Indiana State Rep. Matt Lehman, a long-time active and outstanding Big “I” member, was installed on Dec. 13 as the new president of the National Council of Insurance Legislators.