On the Hill

The Federal Reserve will soon release proposed capital rules for the insurance companies under its regulatory authority.

At this week’s National Flood Conference in Washington, D.C., a variety of speakers—including two Big “I” leaders—provided information to flood service providers on all aspects of the NFIP.

Mid-May, The Department of Labor released its final rule on overtime compensation, which will add new regulatory burdens and costs to many Big “I” member agencies and their small business clients.

This week, the Big “I” participated in a panel discussion on a bill that would revise the federal Liability Risk Retention Act to allow some risk retention groups to write nearly all forms of commercial insurance for many nonprofit organizations and educa

In its efforts to advocate on behalf of small businesses, the Big “I” submitted written testimony to a U.S. Senate committee outlining the association’s concerns with the proposed Department of Labor overtime rule.

The U.S. House of Representatives introduced a bill that attempts to reform federal disaster policy to incentivize pre-disaster mitigation and resilient construction.

Last week, Rep. Blaine Luetkemeyer (R-Missouri) introduced a bill that aims to create procedural “checks” for federal officials in international insurance negotiations to ensure the U.S. state-based system of insurance regulation remains strong.

Last week, the White House nominated Big “I” agent leader Angela Ripley for the National Association of Registered Agents and Brokers board of directors.

Today, the U.S. House of Representatives approved H.J. Res. 88, a resolution to block the Department of Labor fiduciary regulation from taking effect.

Today, the U.S. House of Representatives passed H.R. 2901, the “Flood Insurance Market Parity and Modernization Act” by Reps. Dennis Ross (R-Florida) and Patrick Murphy (D-Florida), by a vote of 419-0.