News

Commercial insurance rates crept upward to -2% in April from -3% in March and -4% in February, according to the latest MarketScout pricing survey.

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.

This week, Big “I” staff met with officials from the Department of Labor and the Office of Management and Budget regarding a proposed rule that could potentially impact 1 million “white-collar” workers in the insurance industry.

Members of Congress are responding to the release of a U.S. Department of Labor regulation that tightens conflict of interest rules under the Employee Retirement Income Security Act.

At last week’s Big “I” Legislative Conference, agents and brokers met with almost every U.S. Senate and House of Representatives office to discuss the association’s top legislative concerns.

After 25 years in the insurance business in the Charleston, South Carolina area, Senator Tim Scott (R-South Carolina) understands firsthand the concerns of independent agents and brokers.

At the Big “I” Legislative Conference Breakfast last week, Sen. Chuck Schumer (D-New York) addressed insurance-related legislative initiatives relevant to his home state and the country: crop, flood and terrorism insurance.