Allstate to Acquire National General in $4 Billion Deal
When the transaction closes in early 2021, Allstate will become the fifth largest independent agency carrier.
News
Big ‘I’ Seeks to Simplify PPP Loan Forgiveness Process
The Big “I” joined a number of organizations in sending a letter to legislators urging support for “The Paycheck Protection Program Small Business Forgiveness Act.”
Commercial P-C Rates Rise as Personal Lines Stabilize
The second quarter of 2020 saw rate increases in the composite property-casualty sector as well as most other sectors. Meanwhile, personal lines rate increases remained steady at 3.5%.
Another Troubling Business Interruption Bill Introduced in the House
The bill would create a new federal program to encourage insurance companies to pay out business interruption claims on policies that explicitly exclude viral pandemics.
PPP Extension Passes Congress
This week, the U.S. Senate and the House of Representatives extended the Paycheck Protection Program to August 8 just before it was set to expire.
Nationwide Completes Transition to Fully Independent Agency Model
On July 1, Nationwide made history by completing its transition to operate as a fully independent agency carrier.
DOL Proposes New Exemption for Investment Advisers
This week, the Department of Labor (DOL) proposed a new exemption for investment advice fiduciaries that allows financial advisers to collect commissions and other compensation when offering retirement advice.
Big ‘I’ Submits Comments Regarding Main Street Lending Program Proposal
The comments addressed the Federal Reserve Board’s request for public feedback on a proposal to expand the Main Street Lending Program to provide access to credit for nonprofit organizations.
Top Big ‘I’ Leaders Share COVID-19 Stories
Watch the video from Bob Rusbuldt, Big “I” president & CEO, and Jon Jensen, Big “I” chairman, that provides updates on the Trusted Choice® COVID-19 Relief Fund.
Revised PPP Forgiveness Applications Announced
The Department of Treasury and Small Business Administration (SBA) issued a new EZ loan forgiveness application for the Paycheck Protection Program (PPP).