News

The intent is to reach the 38 million private-sector employees without access to retirement plans through their employer by creating incentives and greater economies of scale for small businesses.

The Big “I” and ACORD, the global standards-setting body for the insurance industry, have announced a joint program to provide qualifying Big “I” members with a complimentary license to use ACORD Forms.

On Monday, legislation was introduced in the U.S. Senate to federally protect insurers—including independent agents and brokers—from criminal and civil liability when offering insurance coverage to state-legalized cannabis businesses.

The goal of the caucus is to educate members of Congress and staff on the critical role the Federal Crop Insurance Program plays in protecting America’s farmland and farm communities.

This week, several members of Congress announced they were introducing legislation to reauthorize the NFIP for five years while also making a number of troubling changes to the program.

On Wednesday, the full U.S. House of Representatives passed H.R. 748, the “Middle Class Health Benefits Tax Repeal Act,” in an overwhelmingly bipartisan vote of 419-6.

Earlier this week, FEMA published proposed rulemaking which follows the Biggert-Waters mandate to modify the way FEMA pays private insurance companies participating in the WYO program for the NFIP.

Earlier this week, the U.S. Senate Committee on Health, Education, Labor, and Pensions marked up the “Lower Health Care Costs Act,” which passed out of the committee by a vote of 20-3.

On Tuesday, the U.S. Senate Committee on Banking, Housing and Urban Development held a hearing on reauthorizing the Terrorism Risk Insurance Program, which is currently scheduled to expire on Dec. 31, 2020.

The U.S. Senate Banking Committee held a hearing to follow up on recent draft legislation designed to improve corporate transparency, strengthen national security and help law enforcement combat illicit financial activity.