Administration Calls for Flood Insurance Fixes
The White House released proposed changes to the NFIP that it would have liked to see included in a disaster aid package the U.S. House of Representatives is scheduled to vote on this week.
News
How an Independent Agent Solves a Problem Like Harvey, Irma
As victims of Hurricanes Harvey and Irma begin to pick up the pieces, independent agents in Florida and Texas are stepping up to the challenge to be there for their clients.
White House Proposes NFIP Reforms
On Wednesday night, the Trump Administration sent a letter to Congress requesting emergency hurricane relief funds and outlining substantial NFIP reforms.
Insurance Regulation Takes Center Stage on the Hill
In September, the Financial Stability Oversight Council, three bipartisan state insurance regulation bills and an insurance agreement between the U.S. and the European Union were all front and center on Capitol Hill.
Senate Moves Forward on Self-Driving Cars
On Wednesday, the U.S. Senate Committee on Commerce, Science, and Transportation approved a bipartisan bill that would preempt some state laws and require the federal government to create regulations related to self-driving cars.
Big ‘I’ Responds to DOL on Overtime Rules
Earlier this week the Big “I” submitted comments to the Department of Labor outlining information the DOL should consider if the Trump Administration decides to update federal overtime regulations.
Big ‘I’ Submits Testimony on Proposed Risk Retention Act Expansion
This week the House Financial Services Committee’s Subcommittee on Housing and Insurance held a hearing focused on a proposal to expand the federal Liability Risk Retention Act. The Big “I” submitted testimony opposing this controversial proposal.
‘Big Six’ Releases Tax Reform Framework
This week, the “Big Six”— which consists of Trump Administration officials and GOP leaders in Congress—released a framework for tax reform. The document is meant to guide the tax writing committees in the House and the Senate as they begin to hold hearing
Deadline Now Oct. 30 for New York State Licensees to Submit Cyber Notices
A recently implemented data security regulation from the New York Department of Financial Services imposes new compliance and reporting obligations on every insurance agency and individual licensed by New York.
Feds Debate Self-Driving Vehicle Standards
Both chambers of Congress and federal officials at the Department of Transportation are currently debating how federal policy can help accelerate the development of self-driving cars and trucks.