9/11, COVID and the insurance industry
In observation of the 20th anniversary of the September 11 terrorist attacks that claimed the lives of 2,996 individuals, these articles curated by PropertyCasualty360.com honor loved ones lost and reflect on the lasting impact 9/11 has had on the insurance industry.
The House passed a $1.4 trillion spending package on Tuesday that would fund federal agencies through September 2020 and avoid a government shutdown pending President Trump’s signature on the bill by Dec. 20. For the insurance industry, the bill was a win as it included three policy priorities of several industry groups including the National Association of Professional Insurance Agents (PIA National), the Independent Insurance Agents & Brokers of America (the Big “I”) and the National Association of Mutual Insurance Companies (NAMIC).
These groups and other industry representatives have expressed support for the House budget bill provisions that include a 7-year reauthorization of the Terrorism Risk Insurance Act (TRIA), an extension of the National Flood Insurance Program (NFIP) and a repeal of the Affordable Care Act’s “Cadillac Tax,” which would have imposed a 40% tax on health benefits that exceed an established annual cost.
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