On May 22, the U.S. House of Representatives voted to pass its budget reconciliation bill, including key PIA policy priorities. The bill narrowly passed in a 215-214 vote and will now head to the Senate, where further negotiations are expected before sending a final product to the President's desk. Included in the legislation are provisions …
Continue reading PIA Victory: House Passes PIA Policy Priorities
On May 20, the National Association of Professional Insurance Agents (PIA), along with other small business advocates, sent a letter in strong support of the reconciliation bill presently before the House of Representatives. On Sunday night, the House Budget Committee voted to advance the legislation, sending it to the Rules Committee for final approval there, …
Continue reading PIA Urges House Passage of Policy Priorities
On April 3, PIA sent a letter to Congressional leaders urging them to require the Risk Management Agency (RMA) to reinstate the annual administrative and operating (A&O) inflation adjustment for crop insurance agents in the ongoing budget reconciliation process. For several years, the RMA would provide annual adjustments to crop insurance agent compensation to account …
Continue reading PIA Urges Congress to Reinstate Inflation Adjustment for Crop Agents
The Risk Management Agency (RMA), responsible for supervising the federal crop insurance program, has issued a Managers bulletin to Approved Insurance Providers (AIPs), instructing them to immediately stop any cancellation of agent/agency contracts. Recently, some AIPs have been scaling back their federal crop insurance operations in specific crops, insurance plans, and geographic regions. Steps to …
Continue reading RMA Bulletin Halts Cancellations of Crop Insurance Agent/Agency Contracts
Recently, the Risk Management Agency (RMA) responded to a March letter sent by PIA and other agent groups, including the Crop Insurance Professionals Association, urging them to reinstate the inflation adjustment for crop agents. In its response, the RMA stated that, without renegotiating the Standard Reinsurance Agreement (SRA), it cannot reinstate the inflation adjustment, despite …
Continue reading RMA to PIA: Reinstatement of Inflation Adjustment Would Require SRA Renegotiation
