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The program is authorized to provide $600 billion in financing to small and mid-size businesses to help maintain operations and payroll.

As businesses begin reopening, the Big “I” joined a number of business organizations in signing a letter sent to all members of Congress on the need to enact temporary and targeted liability protections.

As Congress and the Trump administration look for ways to help the economy rebound from the COVID-19 pandemic, the Big “I” is continuing to advocate for legislation that will help independent agencies.

The legislation would create a federal backstop to prevent economic losses from future pandemics, with the government sharing the burden alongside the insurance industry.

With high levels of community involvement even before the coronavirus pandemic, many independent insurance agents are the first to meet their community’s needs caused by a crisis.

The program is designed to bolster the country’s economic resilience by providing timely and efficient financial protection and payroll support to the private sector in the event of a future declared public health emergency.

The bill is modeled on the Terrorism Risk Insurance Act, which was created in the aftermath of the 9/11 terrorist attacks.

Instead of an in-person event, the 2020 National Flood Conference will take place virtually via webinar June 1-3. Attendance is free of charge.

Last week, Big “I” Chairman Jon Jensen presented the State of the Association address to Big “I” Virtual Legislative Conference attendees.

Rep. Cheri Bustos (D-Illinois) reinforced the important role that independent insurance agents and brokers must play in the coronavirus pandemic.