Major legislative updates from California, Illinois, Nevada and more. (Photo: iStockphoto)
Editor's Note: At the start of each month, we publish insurance legislative and regulatory news and updates from around the nation.
|National updates
President Trump signed into law a $1.4 trillion spending package that reauthorizes the Terrorism Risk Insurance Act (TRIA) for seven additional years; extends the National Flood Insurance Program (NFIP) until September 30, 2020; and repeals the Affordable Care Act's controversial "Cadillac tax," which would have imposed a 40% tax on health benefits that exceed an established annual cost.
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