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On Tuesday, the U.S. Senate Banking Committee held a hearing to examine consumer data collection practices and their impact on a variety of products and services.

The draft legislation is aimed at reducing health care costs and includes five sections that would address surprise medical billing, reduce the prices of prescription drugs, increase transparency, boost public health and improve the exchange of health IT.

Earlier this week, the U.S. House of Representatives passed a disaster aid package that included an extension of the NFIP through Sept. 30, the end of the fiscal year.

At press time, the U.S. House of Representatives is expected to try to pass a two-week extension of the NFIP, which is currently scheduled to expire at midnight tomorrow, May 31.

Last week, members of the U.S. Senate Committee on Health, Education, Labor, and Pensions released draft legislation aimed at reducing health care costs.

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.

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.

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.

Bipartisanship was the focus during this year’s Big “I” Legislative Conference Breakfast keynotes.

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