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.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.

Heather A. Turner

Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].