On the Hill

The National Insurance Producer Registry app enables agents and brokers to access up-to-the-minute licensing information.

Yesterday, the “Agricultural Improvement Act of 2018” passed by a 20-1 vote out of a U.S. Senate committee.

The Big “I” and others are currently advocating for Congress to extend the NFIP before the program expires, and to support a long-term reauthorization of a modernized version of the program.

Last week, the Department of Justice announced it believes that the Affordable Care Act’s individual mandate has become unconstitutional.

With insurance regulatory reform legislation pending before Congress, the Big “I” sent letters to Capitol Hill supporting reform of the Federal Insurance Office and the Consumer Financial Protection Bureau.

As Congress examines the effects of the new tax law on small businesses and the economy, the Big “I” weighed in at a recent hearing to raise concerns about how the law applies to independent agents and brokers.

President Trump signed the legislation into law after it passed both the U.S. House of Representatives and the U.S. Senate with strong bipartisan support.

Late last week, the U.S. House of Representatives voted down H.R. 2, “The Agriculture and Nutrition Act,” by a vote of 198-213.

Because advances in auto technology are expected to have a significant impact on the U.S. insurance market, the House Financial Services Committee’s Subcommittee on Housing and Insurance recently examined the development of autonomous vehicles.

The discussion addressed the resiliency of insurance agencies following a cyberattack, best practices for protecting personal information, and the appropriate role of the private sector and federal and state governments in managing cyber risk.