On the Hill

President Obama’s 2017 Budget Targets Insurance Issues

Earlier this week, President Obama released his budget for fiscal year 2017. This blueprint proposes changes to the “Cadillac” tax and sets the stage for additional cuts to the Federal Crop Insurance Program.

Mr. Lanoix Goes to Washington

Big “I” Chairman Randy Lanoix was on Capitol Hill this week, where he met with members of Congress to advocate on behalf of the association and lay the groundwork for the 2016 Big “I” Legislative Conference.

Committees Move DOL Fiduciary Rule Bills

This week, two companion bills—which would prohibit the Department of Labor from finalizing its proposed fiduciary rule without congressional approval—made strides in the U.S. House of Representatives.

Department of Labor Issues Guidance on Joint Employment

Earlier this month, the Department of Labor Wage and Hour Division released its first major guidance of 2016: an administrator’s interpretation on what constitutes joint employment under the Fair Labor Standards Act.

Congress Revs Up Review of the NFIP

Earlier this week, the Big “I” testified before the U.S. House of Representatives Committee on Financial Services Subcommittee on Housing and Insurance at a hearing focused on efforts to reform and reauthorize the NFIP before its expiration.

Big ‘I’ Honors Legacy of Rep. Mike Oxley

The Big “I” mourns the passing of longtime friend and congressman Mike Oxley (R-Ohio), who served more than 12 terms in the U.S. House of Representatives and was at the forefront of many critical pieces of insurance and financial services legislation over

Debate Over Federal Regulation of Insurance Continues

The International Monetary Fund has released its assessment of the U.S. economy and resurrected the federal regulation of insurance debate by calling for an “independent national regulator” for insurance.

NCOIL Passes Certificates of Insurance Model Act

Last week, the National Conference of Insurance Legislators adopted the “Certificates of Insurance Model Act” during NCOIL’s annual meeting in Point Clear, Ala. The model is based in significant part on the legislative template initially developed by the