News

The Independent Insurance Agents and Brokers of America issued the following statement regarding the controversial sign posted by the Harry E. Reed Agency in Millinocket, Maine, on Juneteenth.

If enacted, the “American Data Privacy and Protection Act (ADPPA)” would create a national standard on what kinds of data companies can gather from individuals and how they use it.

Today, the U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing entitled, “Reauthorization of the National Flood Insurance Program: Administration Perspectives.”

The document notes paying different compensation to agents and brokers for coverage in the same benefit year based on whether the enrollment is completed during a special enrollment period or open enrollment period is prohibited.

In its written testimony, the Big “I” underscored the importance of finally enacting a long-term reauthorization of the National Flood Insurance Program (NFIP).

David Long has worked for the Boston-based insurer for 37 years, becoming president in 2010, CEO in 2011 and chairman in 2013. He will retire at the end of the year.

Geico is still contesting whether the claim is covered in federal court and the outcome will determine whether the company has to pay the settlement.

As employees continue to make plans to switch jobs, employers aren’t on the same page when it comes to their reasons for leaving, workplace quality and more, according to The Hartford.

The U.S. Department of Labor (DOL) announced that it plans to begin the rulemaking process to determine employee or independent contractor status under the Fair Labor Standards Act (FLSA).

The State Small Business Credit Initiative (SSBCI) program was reauthorized to provide a combined $10 billion to states to expand access to capital for small businesses.