In response to the coronavirus crisis, FEMA will extend the grace period to renew flood insurance policies from 30 to 120 days, and the USDA has announced flexibilities to help with policies, claims, reporting and payments.
Of importance to Big “I” members, the DOL provided clarity on the provision allowing an exemption for some employers with fewer than 50 employees.
As Big “I” members and their clients look for guidance in the days, weeks and months ahead, the Big “I” will provide the most up-to-date information available.
In a video message to Big “I” members and leadership, Big “I” president & CEO Bob Rusbuldt details the role the association is playing in helping independent agents and their clients through the coronavirus crisis.
The comprehensive legislative package uses the full resources of the federal government and provides $2 trillion in support for businesses, individuals and families, the healthcare system and the U.S. economy.
These proposals may be well-intentioned, but they are misguided, misdirected and would place an entire financial services sector in turmoil.
The national online dialogue will inform DOL compliance assistance guidance, resources, tools and outreach approaches. Submit your input by this Sunday, March 29.
The goal of the Big “I” is to ensure the fundamental premise of insurance is not undermined while providing relief for businesses that are hurting badly from government mandated shutdowns.
The Big “I” issued two letters this week and continues to engage both the administration and Congress on solutions to address the economic, health, and social challenges caused by coronavirus.
The U.S. Senate passed the Families First Coronavirus Response Act by an overwhelming bipartisan vote and the president quickly signed the legislation into law. The legislation includes many provisions that impact Big “I” members and small businesses.
