On the Hill

On Monday, Quincy L. Branch, president & CEO of Branch Benefits Consultants in Las Vegas, was reappointed to the Federal Advisory Committee on Insurance.

The Big “I” joined more than 300 organizations, including the U.S. Chamber of Commerce, in sending a letter urging Congress to pass a long-term reauthorization of the Terrorism Risk Insurance Act, which is currently scheduled to expire on Dec. 31, 2020.

Much of the discussion focused on the multi-year effort by the International Association of Insurance Supervisors to develop a group-wide, risk-based insurance capital standard.

Advocates for Highway and Auto Safety’s mission is the adoption of federal and state laws, policies and programs that prevent motor vehicle crashes, save lives, reduce injuries and contain costs.

The Big “I” submitted comments to FEMA on its Advanced Notice of Proposed Rulemaking entitled: Revisions to Methodology for Payments to Write Your Own Companies.

Last week, the Federal Reserve published a long-awaited proposed rulemaking to establish capital requirements for certain insurers that own banking institutions.

Last week, legislation was introduced in the U.S. House of Representatives to provide a comprehensive federal safe harbor for insurers and agents to protect them from criminal and civil liability when offering insurance coverage to state-legalized cannabi

The intent is to reach the 38 million private-sector employees without access to retirement plans through their employer by creating incentives and greater economies of scale for small businesses.

On Monday, legislation was introduced in the U.S. Senate to federally protect insurers—including independent agents and brokers—from criminal and civil liability when offering insurance coverage to state-legalized cannabis businesses.

The goal of the caucus is to educate members of Congress and staff on the critical role the Federal Crop Insurance Program plays in protecting America’s farmland and farm communities.