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.
Controversy related to the supplemental nutrition assistance program and other issues, including crop insurance and subsidies for commodities such as sugar, are making it hard to predict how the final vote will turn out.
A key provision of the new tax law allows for a 20% deduction on “qualified business income” for owners and shareholders of pass-through businesses. But it is unclear whether insurance agencies and brokerages will qualify.
Last week, the Federal Housing Administration proposed amending the agency’s rules to allow the use of private flood insurance on FHA-backed loans in Special Flood Hazard Areas.
The Big “I” expects that as the 2018 Farm Bill moves through the legislative process, Congress will consider amendments that could be harmful to the FCIP.
Last week, the Securities and Exchange Commission released a new proposed rule on standards of conduct for investment professionals. The proposal arrives amid uncertainty surrounding the Department of Labor fiduciary rule.
On Monday, the Big “I” submitted a letter to the Internal Revenue Service, the Department of Labor and the Department of Health and Human Services regarding a proposal to permit short-term limited duration health insurance plans to last up to one year.
The Big “I” is working with a coalition of other producer groups to advocate on behalf of agencies and brokerages regarding provisions of the new tax law that relate to pass-through entities.
In a conversation this morning, Bob Rusbuldt, Big “I” president & CEO, sat down with FOX News Channel’s Bret Baier to discuss the current political landscape and what it means for members.
