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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.

Included in the package are several Big “I” priorities, including fixing an issue with the Paycheck Protection Program that excluded 501(c)(6) organizations from accessing loans.

The Small Business Administration issued long-awaited additional guidance that gives many Big “I” members needed clarity.

The U.S. Treasury Department responded to several congressional letters sent expressing concern over President Trump’s remarks on business interruption insurance.