Workers’ Comp Rates to Decrease Slightly Overall
The Insurance Commissioner approved the Pennsylvania Compensation Rating Bureau’s April 1, 2021 loss cost filing as submitted.
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Industry News
Industry Bills Compete with COVID for Lawmakers’ Attention
The IA&B of Maryland Government Relations Committee met this week to discuss legislation that would limit credit history for insurance rating, provide civil immunity from COVID-19 claims, and more.
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Lobbying for FHA Private Flood Option
Your federal government affairs team – the Big “I” – submitted comments recently in support of a new rule proposed by the Federal Housing Administration (FHA). The rule would allow consumers the option to purchase private flood insurance instead of insurance through the National Flood Insurance Program (NFIP), when flood insurance is required by the
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FHA, State Lawmakers Eye Flood Insurance
The federal and state government have their eyes on the flood insurance market, and your government affairs teams are involved in these proposals, advocating on behalf of agents and their clients. Federal Update Your federal government affairs team – the Big “I” – submitted comments recently in support of a new rule proposed by the
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NY Cybersecurity Filing Deadline
Non-resident agencies and individuals have until mid-April to submit their annual certificate of compliance with the New York Cybersecurity Regulation.
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Member Agency Targeted by Scam
A scam targeting Pennsylvania businesses has reappeared, after first catching the Department of State’s attention in June 2015. Just last week an IA&B member agency received a solicitation from the “Pennsylvania Council for Corporations” – a fictitious organization requesting targeted companies to file information and send a payment of $150. If your agency receives communication
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Can You Mandate Employee Vaccination?
Now is the time to consider a workplace vaccination program, as COVID-19 vaccine distribution ramps up.
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W-2s May Need Correction
The IRS is reminding employers of the new requirement to report wages paid for leave taken under the Families First Coronavirus Response Act (FFCRA) on employees’ W-2 forms. W-2s, which must be provided to employees by Jan. 31, can be corrected if they’ve already been issued. The IRS issued specific guidance on how employers are
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Report IDs State Regulators’ Strengths, Weaknesses
Pennsylvania, Maryland, and Delaware all held steady grades from 2019 to 2020 in the R Street Institute’s Insurance Regulation Report Card. The annual report looks at restrictions on consumers and insurers, as well as “how effectively are states discharging their duties to monitor insurer solvency and foster competitive, private insurance markets?” Pennsylvania maintained a B
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IA&B Testifies in Support of COVID-19 Immunity Bill
As state lawmakers begin considering numerous pieces of legislation addressing the pandemic, IA&B this week went on record in support of Senate Bill 210, a bipartisan bill which would provide limited immunity from COVID-19 related lawsuits. Your IA&B government affairs team submitted testimony in advance of Tuesday’s bill hearing in the Judicial Proceedings Committee supporting
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