Last month, over 1,000 Big “I” independent agents, brokers and industry leaders from all 50 states and several foreign countries converged in Washington, D.C. for the annual Big “I” Legislative Conference in order to meet with members of the House and Senate and their staff on critical issues that directly impact the independent agency system. Steve Robeson, Producer of UNICO Group, was a part of this conference. Topics covered during the meeting include; terrorism insurance, agent licensing reform, insurance regulation and tax reform.
The current Terrorism Risk Insurance Act (TRIA) expires at the end of the year. The Big “I” expressed to congress the importance of moving forward with an extension of this act prior to the expiration date at the end of this year.
Agent Licensing Reform:
Big “I” agents urged their federal representatives to support adding the “National Association of Registered Agents and Brokers Reform Act” (NARAB II) bill to the terrorism insurance extension that will be considered later this year.
Big “I” agents reminded congress that the Big “I” strongly opposes any form of day-to-day federal insurance regulation.
Big “I” agents urged members of Congress to address individual tax rates and corporate rates equally, since the majority of the association’s small business members are organized as pass-through entities and file as individuals.
UNICO Group, Inc. has been serving insurance and financial needs for business owners and families in Nebraska for more than 25 years.
The team at UNICO Group, Inc. can be reached at 1-800-755-0048 or online at www.unicogroup.com.