Author Archives: Lee Loftis, Government Affairs

Big ‘I’ Applauds House Financial Services Committee for Flood Reauthorization

The Independent Insurance Agents & Brokers of America (the Big “I”) thanks the House Financial Services Committee for passing a measure to extend the National Flood Insurance Program (NFIP) for five years. “The Big ‘I’ applauds the committee for voting … Continue reading

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2019 Legislative Update: Tracking the Bills that Matter to Your Business

It was a busy week at the Capitol for IIAT’s Government Affairs team. The House Insurance Committee met and there are a couple of notable updates. SB 590, which is our Senate version of the Commercial Change Notification bill, was … Continue reading

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NFIP Reverses Mid-Term Cancellation Policy

On Monday, FEMA issued a bulletin stating that consumers cannot receive a refund for unearned premiums if they cancel a NFIP policy mid-term in favor of a private policy. The Big “I” is disappointed by this news but will continue to pursue … Continue reading

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2018 Election Results – “The Beto Effect”

With the 2018 elections behind us, we can now begin to assess what we should learn from the results. Although Beto O’Rourke was not successful in knocking off Sen. Ted Cruz, the excitement created by his candidacy, along with straight … Continue reading

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Join NCCI for a Free Agent Education Workshop

NCCI invites licensed agents to earn three continuing education credits by attending a free Agent Education Workshop. Get an overview of workers compensation trends, learn how to classify and use the appropriate resources, and gain an understanding of the experience rating … Continue reading

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Need Tax Reform Insights? Register for a Free Webinar

Last year, President Trump signed into law the widest-ranging tax reform legislation in decades. Learn more about how the new federal tax law and regulations will impact your business during a free webinar hosted by the Big “I.” Click on … Continue reading

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TWIA: Hurricane Harvey Claim Deadline Approaching

The anniversary of the date Hurricane Harvey made landfall on the Texas coast is quickly approaching on August 25, 2018. Texas law requires TWIA policyholders to report claims for windstorm damage within one year of the date the property was … Continue reading

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TDI Reminder: Deadline Approaching to Report Harvey Claims

As the anniversary of Hurricane Harvey approaches, the Texas Department of Insurance is reminding Texans that some insurance policies have a one-year deadline to file claims. Harvey made landfall August 25. Texas Windstorm Insurance Association (TWIA) claims must be reported … Continue reading

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IIAT Joins TAHU in Filing Amicus Brief

Recently, IIAT joined TAHU (Texas Association of Health Underwriters) in filing an Amicus Brief in the case of Papalia vs. Richard Bryan, currently pending on appeal at the Texas Supreme Court. Q: What is the issue that IIAT and TAHU is … Continue reading

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Treasury Issues Draft Regulations on New 20 Percent Deduction for Pass-Through Businesses

Today, the Internal Revenue Service (IRS) issued the first of three potential regulations governing Section 199A of the tax code. Section 199A provides the 20% tax deduction to an owner or shareholder of a pass-through entity where the owner or … Continue reading

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