Member Advisories


USPS Reaches Agreement With Administration on CARES Act Loan

August 3, 2020 The U.S. Postal Service reached an agreement with the Treasury Department on the terms of a loan of up to $10 billion that was authorized in the CARES Act. The Postal Service was in deep financial trouble before the coronavirus struck, and the... Read more

NAMIC Continues Engaging With Key Members of Congress on BCPP

August 3, 2020 NAMIC has continued a comprehensive educational campaign in coordination with American Property Casualty Insurance Association and the Independent Insurance Agents & Brokers of America to educate key members of Congress on the details of the... Read more

Scott, Manchin Introduce Business of Insurance Regulatory Reform Act

August 3, 2020 Sens. Tim Scott, R-S.C., and Joe Manchin, D-W.Va., introduced S. 4325, the Business of Insurance Regulatory Reform Act, July 27 to clarify that the Consumer Financial Protection Bureau does not have authority over the business of... Read more

Senate COVID Package Released; Many Hours of Negotiation Ahead Before Floor Vote

August 3, 2020 Senate Republicans unveiled their coronavirus relief package ahead of negotiations with House Democratic leadership and the White House, the broad contours of which include... Read more

NAMIC Offers Support as Safe to Work Act Introduced

August 3, 2020 Senate Majority Leader Mitch McConnell, R-Ky., along with Sen. John Cornyn, R-Texas, introduced S. 4317, the SAFE TO WORK Act, July 27 to provide COVID-19-related liability relief as a part of the COVID-4 package of... Read more

House, Senate Hold Virtual CFPB Oversight Hearings

August 3, 2020 The House Financial Services Committee and Senate Banking Committee heard from Consumer Financial Protection Bureau director Kathleen Kraninger for oversight hearings July 29-30, respectively. Since the outbreak of the coronavirus, the CFPB has... Read more

NAMIC Urges OMB to Finalize Artificial Intelligence Guidance

August 3, 2020 NAMIC joined a wide industry coalition in recommending that the Trump administration finalize draft guidance on how to regulate artificial intelligence by the end of 2020. The Office of Management and Budget has drafted... Read more

COVID Hits Property/Casualty Insurance Industry

August 3, 2020 The property/casualty insurance industry suffered its largest ever drop in surplus in the first quarter of 2020, as the Insurance Information Institute reports that surplus fell to $771.9 billion as of March 31 from the record high $847.8 billion at... Read more

Provision Barring Changes to HUD Disparate Impact Rule Added to House Appropriations Bill

August 3, 2020 Language to effectively prevent the Department of Housing and Urban Development from changing its 2013 disparate impact rule was added to an extensive appropriations bill for a number of federal agencies, including HUD, during the... Read more

Washington: NAMIC, Trades Submit Letter to OIC Responding to Concerns About CBIS

July 30, 2020 NAMIC, in conjunction with the other trades, has submitted a letter to the Office of the Insurance Commissioner in response to Commissioner Mike Kreidler’s recent communication to insurers on his concerns about insurers’ use of... Read more

Contacts

Matt Brady
Senior Director of Advocacy Communications

202.580.6742

  Matt

Lisa Floreancig
Senior Director of Communications

317.876.4246

  Lisa