The U.S. House of Representatives yesterday approved additional funding for the U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP) portion of the CARES Act that provides low interest loans for small businesses that can be forgiven if the business uses 75% of the funds for payroll. The House vote follows the passage in the […]
U.S. House Housing and Insurance Subcommittee Hearing Examines Future of Automobile Insurance in Era of Autonomous Vehicles
The U.S. House of Representative Financial Service Committee Housing and Insurance Subcommitee met yesterday to examine the development of the autonomous vehicle and its effect on the future of automobile insurance. For the first time, emerging automobile technology is intersecting with the financial industry, changing the business of property and casualty insurance. The hearing examined […]
Bill in U.S. House Would Reform Insurance Claims Adjuster Licensing
Would provide for uniformity in licensing requirements and reciprocity across states that license claims adjusters. A bill introduced in the U.S. House of Representatives, Claims Licensing Advancement for Interstate Matters Act or CLAIM Act. (H. R. 3363), seeks to reform uniformity and reciprocity among states that license insurance claims adjusters. The bill seeks to have […]
PARTS Act Reintroduced in U.S. Congress
ABPA and Coalition for Auto Repair Equality support legislation that seeks to limit vehicle manufacturer collision repair part design patents. The Promoting Automotive Repair, Trade and Sales Act of 2017 (PARTS Act), was re-introduced in the U.S. Congress on Tuesday. The legislation (H.R. 1879/S. 812) would amend the current U.S. design patent law by lowering, […]
House Passes Legislation to Eliminate Antitrust Exemption on Health Insurance, Possible Precedent for Repeal of Property-Casualty Exemption
Insurance group concerned about impact on other types of insurance. ASA sees opportunity for meaningful insurance reform. The U.S. House of Representatives passed H.R. 372, the Competitive Health Insurance Reform Act of 2017 on Wednesday by a vote of 416-7. The bill would repeal the limited antitrust exemption for health insurers established by the McCarran-Ferguson […]
U.S. House Small Business Committee Holds Hearing on Cybersecurity
FTC Calls for Data Security Legislation The U.S. House Committee on Small Business held a hearing last week titled, “Small Business Cybersecurity: Federal Resources and Coordination.” The hearing addressed the federal government’s role in equipping small businesses to defend themselves against cyber threats. Due to the changing nature of commerce and an increased reliance on […]
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