News

A partial federal government shutdown began on Oct. 1, resulting in a lapse of National Flood Insurance Program (NFIP) authority.

The Big “I” urges Congress to act well in advance of the 2027 deadline and reauthorize a long-term, clean extension of this important program.

The bipartisan bill directs the Health and Human Services (HHS) Secretary to update regulations for independent agents, brokers and third-party marketing organizations (TPMOs) under Medicare Parts C and D.

This week, Georgia Gov. Brian Kemp signed into law a comprehensive package of legal reform measures designed to restore balance and fairness to the state’s troubled civil justice system.

The guidance was set to take effect on June 1 and would have required mortgagors to acquire replacement cost value coverage for their property, including roofs, deeming actual cash value unacceptable.

Rep. Josh Gottheimer (D-New Jersey) spoke to Big “I” members to discuss the political climate on Capitol Hill, as well as progress on key Big “I” legislative priorities.

The bill will require the Government Accountability Office (GAO) to conduct a study on wildfire damage, the existing state of insurance coverage, possible government mitigation responses, and the challenges faced by private insurers.

The act would prevent the Consumer Financial Protection Bureau from pursuing enforcement against any person regulated by a state insurance regulator.

The Big “I” was successful in securing an exemption for independent agents from the act by showing that insurance producers already provide this beneficial ownership information to state regulators.

The act aims to enhance price transparency within the healthcare system, fostering informed decision making for patients and employers.