News

DOL Finalizes New Exemption for Investment Advisers

Earlier this week, the Department of Labor ruled on creating a new exemption for investment advice fiduciaries allowing financial advisers to collect commissions and other compensation when offering retirement advice.

2021 Poised to Be Busy Year for Flood Legislation

The flood industry, industry stakeholders and policyholders are unified in the fact that Congress needs to act on long-term reauthorization to end the cycle of short-term extensions to the NFIP.

House Passes One-Week Government Funding Extension

The legislation extends government funding until Dec. 18, giving Congress time to act on federal funding through 2021 and possibly additional COVID-19 relief. The Big “I” continues to advocate for small business support.

Big ‘I’ Urges Congress to Protect McCarran-Ferguson Exemption

The Coalition Organized for the Future of Insurance Regulation, of which the Big “I” is a founding member, sent a letter to the Senate seeking to prevent the elimination of the health insurance industry’s exemption from federal antitrust laws.

Big ‘I’ Urges Congress to Expedite Action on PPP

This week, the Big “I” joined organizations in sending two letters urging Congress to expedite action on the Paycheck Protection Program and to expand loans to cover small businesses structured as 501(c)6 organizations.

House Hearing Examines Pandemic Insurance Proposals

The House Subcommittee on Housing, Community Development and Insurance held a virtual hearing examining how the pandemic has impacted the insurance industry and how to insure for the future. The Big “I” submitted written testimony.

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