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Big ‘I’ Opposes Tax Increases Cleared by Ways and Means Committee

​Legislation from U.S. House committee would raise taxes on independent agencies.​WASHINGTON, D.C., Sept. 15, 2021 — The Independent Insurance Agents & Brokers of America (the Big “I") today voiced opposition to the U.S. House of Representatives Ways and Means Committee's passage of legislation that would raise roughly $2 trillion of new revenue through tax increases on businesses and individuals.  “The Big 'I' was disappointed to see House Democrats on the Ways and Means Committee vote to move forward with a number of substantial tax increases on our nation's small businesses," says Charles Symington, Big “I" senior vice president of external, industry and government affairs. “The last…

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Industry Roundup: ​Retail And Hospitality Sectors Face Rising Terrorist Threats; Pandemic Staffing Crunch Creates Commercial Insurance Hurdles; Insured Losses for First-Half 2021 Natural Disasters Total $42B

​Retail And Hospitality Sectors Face Rising Terrorist ThreatsThe retail and hospitality sector has been a major target for terrorist actors for several years. As the COVID-19 vaccination process progresses, more businesses will reopen fully, which means a busy retail and hospitality sector.Pandemic Staffing Crunch Creates Commercial Insurance HurdlesAccording to former U.S. Bureau of Labor Statistics Commissioner Erica Groshen, the current environment is less a labor shortage than a structural change in our economy. The pandemic has accelerated key sectors and simultaneously shifted the labor market. E-commerce and telemedicine, for example, took giant leaps forward, while other segments rapidly receded.Things to Consider When Placing Coverage Through…

Continue ReadingIndustry Roundup: ​Retail And Hospitality Sectors Face Rising Terrorist Threats; Pandemic Staffing Crunch Creates Commercial Insurance Hurdles; Insured Losses for First-Half 2021 Natural Disasters Total $42B

Webinar Wednesday – Cyber Series

Join us for this series of webinars FREE for Big I NY members, presented by Walter Contreras of Motiva. You won't want to miss this opportunity to protect you, your agency, and all of your data. You'd be shocked by how exposed many popular cloud-based agency management systems are. Hackers are getting in; and having a well-known system doesn't mean you're safe. Join us to learn how you can protect your AMS data (and your cyber-liability exposure). Walter will share what to look for and tangible tips to implement. Phishing, Malware, Ransomware, Spoofing. You may have heard the term, but do you know how to spot them? In this…

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