On the Hill

The intent of the recent DOL regulation is to encourage more states to establish retirement programs for private-sector workers, as similar efforts at the federal level have not gained traction.

In response to an executive order President Obama issued last year as part of his climate change agenda, FEMA has issued a new proposal for defining the “floodplain” for federally funded projects.

At a recent Federal Advisory Committee on Insurance meeting, KPMG experts said they predict self-driving cars will become the “new normal” over the next 25 years—and that the insurance industry could experience significant impacts within the next decade.

Many employers have focused on two solutions for complying with the new overtime rule—but depending on state law, they may have a third option to keep labor costs in check.

The NAIC principles are intended to serve as recommendations for Congress to consider during upcoming discussions regarding reauthorization of the NFIP.

The Internal Revenue Service, Department of Labor and Department of Health and Human Services released a joint proposal that would place restrictions on short-term health insurance under the Affordable Care Act.

Last week, the Big “I” sent a letter to U.S. House of Representatives Financial Services Committee Chairman Jeb Hensarling (R-Texas) voicing support for the state-based system of insurance regulation.

A number of moderate Democrats introduced a bill now pending in the U.S. House of Representatives that would amend parts of the Department of Labor’s overtime rule.

A new Government Accountability Office report cites regulatory uncertainty, refunds and market challenges as barriers to increased use of private market flood insurance policies.

Last week, 23 members of the U.S. House of Representatives sent a letter to FEMA requesting an increase in oversight of private insurers that participate in the NFIP.