News

Big ‘I’ Submits Comments to DOL on Overtime Rules

The new Trump Administration proposal would increase the minimum salary level threshold for overtime-exempt employees from $23,660 per year, or $455 per week, to $35,308 per year, or $679 per week.

Senate Introduces Bill to Eliminate FIO

As a leading supporter of a modernized state-based system of insurance regulation, the Big “I” supports eliminating or significantly restricting the authority of the FIO.

House Passes Retirement Legislation

This week, the U.S. House of Representatives passed the “Setting Every Community up for Retirement Enhancement Act,” a bill intended to encourage small businesses to provide retirement benefits for their workers.

Third-Party Property Damage: ACV or Replacement Cost?

A driver crashes his vehicle into an insured’s home. The driver’s auto insurer informs the homeowner and their agent that they will pay the claim for the damage to the home on an actual cash value basis, then advises the homeowner to submit the claim to t

CMS Announces Agent and Broker Summit

The Centers for Medicare & Medicaid Services recently announced the 2019 CMS Marketplace Agent & Broker summit will take place July 1 in Baltimore.

Rep. Murphy: Patriot First, Politician Second

Last week, Rep. Stephanie Murphy (D-Florida), the first Vietnamese American woman to serve in Congress, addressed the Young Agents & InsurPac State Chairpersons Legislative Luncheon during the 2019 Big “I” Legislative Conference.

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