DOL Seeks to Amend and Clarify Fiduciary Rule
The proposal would mean independent insurance agents who distribute certain annuities through independent marketing organizations could potentially still earn commissions.

The proposal would mean independent insurance agents who distribute certain annuities through independent marketing organizations could potentially still earn commissions.
While the U.S. Department of Treasury believes the agreement builds “on work largely underway at the state level,” state regulators disagree.
The U.S. Senate passed the FY2017 budget resolution, which includes the first step toward repealing the Affordable Care Act by using the budget reconciliation process.
The Federal Advisory Committee on Insurance appointed Quincy L. Branch, president & CEO of Branch Benefits Consultants in Las Vegas, to represent the interests of insurance agents and brokers.
Commercial insurance wrapped up 2016 with average rate reductions of -1%, while personal lines pricing marked average increases of +2% in December.
As a Republican President takes office on Jan. 20 and Republicans control both chambers of Congress, lawmakers are eager to put their party’s stamp on many important pieces of legislation this year.
U.S. Senate Budget Committee Chairman Mike Enzi (R-Wyoming) unveiled his FY2017 Budget Resolution, which includes the first step toward repealing the Affordable Care Act by using the budget reconciliation process.
From the failure of Google Compare to the launch of Lemonade, 2016 brought big news for independent insurance agents.
The letter urges Congress to repeal the Affordable Care Act’s 40% “Cadillac” tax, among other burdensome health care taxes.
Former Pennsylvania Insurance Commissioner Michael F. Consedine will serve as the next CEO of the National Association of Insurance Commissioners.