News

The U.S. House of Representatives passed the “Terrorism Risk Insurance Program Reauthorization Act of 2019,” for which the Big “I” joined other key industry stakeholders in sending a letter of support.

The U.S. Court of Appeals for the D.C. Circuit heard oral arguments on the validity of the regulation issued by the Department of Labor last year that expanded small employers’ access to association health plans.

The Centers for Medicare & Medicaid Services announced two proposed rules that increase price transparency requirements for hospitals, group health plans and health insurers.

The Big “I” looks forward to working with the Partnership for America’s Health Care Future to build on what is working in our current employer-based health care system.

Big “I” Board member Angela Ripley was selected as a member of the Fed’s Insurance Policy Advisory Committee and attended the committee’s inaugural meeting.

The Terrorism Risk Insurance Act, which is currently scheduled to expire on Dec. 31, 2020, is vitally important to maintaining the stability of the commercial property-casualty insurance market.

The bill would narrow the use of noncompete agreements to include only necessary instances of a dissolution of a partnership or the sale of a business.

The Big “I” was the only producer group that advocated on behalf of independent agents and brokers to exclude them from new onerous requirements included in the “Corporate Transparency Act.”

Even though the proposed rule makes improvements to the legal process, it would leave insurers and insurance agents and brokers with legal exposure that did not exist prior to 2013.

Last week, the House Financial Services Committee Chairwoman Maxine Waters (D-California) introduced H.R. 4634 in the U.S. House of Representatives, which would reauthorize the Terrorism Risk Insurance Act for ten years.