News

On Monday, FEMA announced significant changes to the way the NFIP will charge homeowners for flood insurance risks.

On Wednesday, Chris Heidrick, chair of the Big “I” Flood Insurance Task Force, testified before the U.S. House of Representatives Financial Services Committee on reauthorization of the NFIP.

The budget proposal includes $26 billion in cuts to the FCIP and proposed means-testing for the NFIP.

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.

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

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.

U.S. House of Representatives Ways and Means Committee Chairman Richard Neal (D-Massachusetts) will address Big “I” members during the 2019 Big “I” Legislative Conference Breakfast on Thursday, May 9.

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.

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 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