News

DOL Seeks to Update Overtime Rule

Last week, the Department of Labor issued a new proposed overtime regulation. The regulation, which had been anticipated since last year, comes after the Obama Administration overtime rule was struck down in a Big “I”-supported lawsuit.

‘Cadillac’ Tax Repeal Introduced in Senate

This week, Sens. Mike Rounds (R-South Dakota) and Martin Heinrich (D-New Mexico) introduced bipartisan legislation to repeal the “Cadillac” tax. Earlier this year, Reps. Joe Courtney (D-Connecticut) and Mike Kelly (R-Pennsylvania) also introduced legisla

Federal Insurance Office Names New Director

Last week, the Federal Insurance Office named Steven Seitz as its new director. Seitz was previously deputy director and became acting director when Steve Dreyer stepped down late last year.

Big ‘I’ Warns Against FCIP Cuts

Earlier this week, the Big “I” joined a long list of insurance, commodity, farm, environmental and lending groups in sending two letters opposing cuts to the Federal Crop Insurance Program during this year’s budget process.

J.D. Power: Carriers Come Up Short for Independent Agents

The more satisfied independent agents are with a carrier, the more business they will write with that carrier. But according to the J.D. Power 2019 U.S. Independent Insurance Agent Satisfaction Study℠, carriers are leaving a lot of money on the table.

Political Clout: How Main Street Agent Groups Stack Up

Political clout in Washington, D.C. is largely measured by political fundraising, grassroots strength and relationships with elected officials. The Big “I” has proven itself unparalleled when it comes to representing main street independent insurance agen

House Debates Challenges to Cannabis-Related Business

On Wednesday, a subcommittee of the U.S. House of Representatives Financial Services Committee held a hearing to discuss efforts to minimize legal and compliance risks for banking and financial services businesses seeking to provide services to state-sanc

New York Licensees Must Submit New Cyber Filings

New York regulators recently unveiled a new Cybersecurity Portal to assist with the requisite filings, and state officials are now requiring all licensees to resubmit previously filed exemption notices by next Friday, Feb. 15.

Big ‘I’ Chairman Hits Capitol Hill

Big “I” Chairman Joe Leahy was in Washington, D.C. this week to meet with members of Congress and set the groundwork for this year’s Legislative Conference, to take place May 8-10.

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