News

Coalition announced two new insurance products to help protect the leaders of small and midsize businesses.

Unlike the previous version of PRIA, this legislation would require insurers to make available in all their property and casualty insurance policies coverage for insured losses due to covered public health emergencies.

The Big “I” successfully advocated to remove several damaging provisions, including a cap on the 20% small business deduction and tax rate increases that would have impacted Big “I” members organized as pass-through businesses.

The legislation to extend the National Flood Insurance Program (NFIP) includes several controversial items, such as capping Write-Your-Own (WYO) compensation at 22.46% of written premiums.

While the framework is light on specifics, it does highlight how Democrats plan to raise revenue to pay for the party’s proposed $1.75 trillion social spending package.

Market Finder allows agents to enter the state and line of business or industry they need coverage before being connected to TrustedChoice.com insurance company partners.

The Hanover plans to integrate its workers compensation, business owners policies and general liability products into Vertafore’s Commercial Submissions solution.

The group health plan requirements apply directly to insurance producers and consultants and will apply to contracts executed on or after Dec. 27.

The proposal would require financial institutions and other financial services providers to track and submit information on the inflows and outflows of every account above a de minimis threshold of $10,000 during the year.

An aging group of owners looking at all-time high valuations and expecting future tax increases has spurred a jump in increased merger activity.