PIA National is actively engaged on numerous COVID-19-related legislative initiatives; at the same time, we continue to advocate on many other issues important to PIA members. As such, last week, we were pleased to sign on to a coalition letter urging congressional appropriators to provide strong funding for the Flood Hazard Mapping and Risk Analysis Program …
Continue reading PIA Urges Funding for Flood Mapping Program
Tonight, the U.S. House passed H.R. 266 by a vote of 388-5. The legislation provides $321 billion to replenish the Paycheck Protection Program (PPP), which ran out of funds last week. Also included in the $484 billion dollar package is $75 billion for hospitals and $25 billion to broaden virus testing. The U.S. Senate passed …
Continue reading House Passes Bill to Add Funds to CARES Act Programs
Today, by voice vote, the U.S. Senate passed legislation to provide over $300 billion more for the Paycheck Protection Program (PPP), which was created by the CARES Act. Last week, PIA National worked with a broad cross-section of business and insurance groups to send a letter to Congressional leadership requesting more funding for the PPP, …
Continue reading Senate Passes More Funding for CARES Act Small Business Programs
PIA National has continued to push back against any proposal to retroactively change business interruption (BI) provisions to have them cover coronavirus-related losses. Last week, we worked with a group of Senators on a letter to the administration, highlighting their concerns with that approach. This week, we were pleased to support two letters from U.S. House Members …
Continue reading PIA Works with House Allies to Oppose Business Interruption Proposals
PIA National was joined this week by a broad cross section of business groups in authoring a letter to Congressional leadership calling for more funding for the Paycheck Protection Program (PPP) created by the CARES Act. The PPP section of the CARES Act provides businesses with low interest loans, which, under certain circumstances, can be …
Continue reading PIA Calls for More Funding for CARES Act Loan Program
PIA National today came out strongly against two separate bills introduced by Reps. Mike Thompson (D-CA) and Brian Fitzpatrick (R-PA); each would empower the federal government to rewrite existing business interruption (BI) insurance provisions drafted with otherwise applicable exclusions. PIA National has communicated with Congressional offices to express our concerns that such proposals purport to …
Continue reading PIA Opposes House Business Interruption Legislation
As part of PIA National’s advocacy work on legislation related to the coronavirus, we have worked with a group of senators on a letter that was sent to the White House today, asking the administration to reject any proposal in upcoming coronavirus legislation that would undermine existing insurance practices, namely the retroactive finding of business …
Continue reading Senators Caution Against Retroactive Business Interruption
The coronavirus pandemic has brought serious financial challenges to the U.S. economy. PIA National has been actively engaged in the development of legislation to ensure emergency support for employees and businesses. Besides these exigent coronavirus response laws, PIA National has been evaluating various policy proposals that have been circulating in the last few weeks. As …
Continue reading Congressional Coronavirus Policy Proposals Abound
As the global pandemic caused by COVID-19 (also referred to as the novel coronavirus) continues to upend the insurance industry and the economy as a whole, PIA National has offered to collaborate with state insurance leaders via the National Association of Insurance Commissioners (NAIC) and the National Insurance Producer Registry (NIPR). PIA National is represented …
On March 16, the U.S. House passed H.R. 6201, the Families First Coronavirus Response Act (Families First Act). The U.S. Senate passed it on March 18. The president signed it into law the evening of March 18. To better help PIA members understand the relevant provisions of the Families First Act, we have developed this …
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