News

On Monday, the IRS issued a draft worksheet form Publication 535 to help taxpayers calculate a 20% deduction on qualified business income from pass-through entities for 2018.

Reflecting little change from the third quarter of 2018, fourth-quarter composite rates for commercial and personal lines were up +2% and +2.25%, respectively, according to the latest quarterly MarketScout pricing survey.

FEMA reversed its decision not to issue new or renewal policies or make changes to existing policies during the government shutdown.

Last week, the Big “I” submitted comments regarding a proposed rule which would allow employers to integrate their health reimbursement arrangements with individual health insurance coverage.

Further guidance from the NFIP is expected, but for the time being, the NFIP will not issue new policies or make changes to existing policies.

If legislation to extend the NFIP fails to garner final approval at the last minute, it is unclear what will happen.

Late last week, U.S. District Judge Reed O’Connor ruled that the Affordable Care Act is unconstitutional after Congress repealed the individual mandate.

Last week, the Department of Treasury and the Internal Revenue Service issued draft regulations which would help alleviate complex and unnecessary compliance burdens faced by p-c insurance agents and brokers that place international risks.

On Wednesday, Congress approved a five-year Farm Bill, which President Trump has indicated he intends to sign.

With the midterm election over and congressional leadership elections complete, there is now a clear picture of the 116th Congress.