Big ‘I’ Applauds Reintroduction of Business of Insurance Regulatory Reform Act
The act would prevent the Consumer Financial Protection Bureau from pursuing enforcement against any person regulated by a state insurance regulator.
The act would prevent the Consumer Financial Protection Bureau from pursuing enforcement against any person regulated by a state insurance regulator.
It’s the biggest jump since 1976 and the 16th consecutive month of annual gains exceeding 10%, according to the Bureau of Labor Statistics.
The outlook for the U.S. property & casualty insurance industry is more favorable than 2023, with expected strong premium growth and easing inflation pressures, according to Swiss Re.
Here are some important general, state and federal trends to watch in 2024.
InsurPac, the Big “I” political action committee (PAC) and one of the largest small business PACs in the country, raised $1,318,024 during the 2023 calendar year.
The legislation would have banned the use of noncompete agreements and potentially other forms of employment contracts in the Empire State.
2023 was a rough one for the property & casualty industry.
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The acquisition will enhance Aon’s presence in the large and fast-growing middle-market segment and add new capabilities to its arsenal.
The Big “I” was successful in securing an exemption for independent agents from the act by showing that insurance producers already provide this beneficial ownership information to state regulators.