News

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.

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.

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.

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.

This week, the White House announced the first four nominations for the National Association of Registered Agents and Brokers board of directors.

This week, the U.S. House of Representatives passed legislation that would delay the Affordable Care Act’s 40% excise tax until Dec. 31, 2024.

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

Property-casualty insurance pricing closed out 2015 with a soft market: Average commercial rates declined to -4% in December from -3% in November and the personal lines composite held steady at -1%, according to the latest MarketScout pricing survey.

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.

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