The U.S. Senate version of the “One Big Beautiful Bill Act” would address third-party litigation funding, which is a major factor in U.S. legal system abuse and, in turn, adds considerable costs to the insurance industry.
Big “I” Pushes to Tax Third-Party Litigation Funding Read More »
State Rep. Jeffrey Olsommer — an independent insurance agent — introduced a co-sponsorship memo for legislation to raise Pennsylvania’s property damage (PD) liability limits from $5,000 to $25,000.
Legislation Introduced to Raise PD Minimums for Auto Insurance Read More »
IA&B attended the meeting, which recapped recently passed legislation and teased upcoming priorities, such as a proposal to cut down on storm chasers.
MIA Hosts Annual Industry Legislative Meeting Read More »
The legislation would address third-party litigation funding (TPLF), which is often subsidized by foreign entities which are not obligated to pay tax on increasingly lucrative returns.
Legislation Introduced to Close TPLF Tax Loophole ( MD update) Read More »
The legislation would address third-party litigation funding (TPLF), which is often subsidized by foreign entities which are not obligated to pay tax on increasingly lucrative returns.
Legislation Introduced to Close TPLF Tax Loophole (PA, DE update) Read More »
The U.S. House-passed omnibus budget reconciliation package includes significant tax reforms that would benefit independent agents.
Big “I” Secures Wins in House Package Read More »
Proposed legislation would cap rate increases for some auto policyholders in Pennsylvania — an approach that IA&B typically opposes.
Legislation Proposed to Cap Auto Insurance Premium Increases Read More »
Protection of the Federal Crop Insurance Program (FCIP) is paramount as the House Agriculture Committee looks to cut $230 billion in agriculture-related spending over 10 years.
Protection of Crop Insurance Subsidies Read More »
Without effective disaster mitigation, insurers face rising claim costs, homeowners struggle with skyrocketing premiums or lack of coverage, and the federal government is forced to step in with costly disaster relief programs.
Disaster Mitigation to Help Stabilize P&C Insurance Markets Read More »
In response to U.S. legal system abuse, pending legislation would address the disclosure of third-party litigation funding investors and payment recipients in civil lawsuits.
Third-Party Litigation Funding Contributes to Rising Premiums Read More »
