Taxation of Employer-Sponsored Insurance
The employer-sponsored insurance (ESI) market is the most effective system of delivering health care benefits while reducing health care costs. Adjusting the tax exemption could be catastrophic to the system.
Cyber Insurance
Every business that maintains electronic data or systems is at risk of a cyberattack or data breach. The simple act of applying for insurance forces insureds to assess their intangible asset risks and the strength of their cyber defenses. This process is a critical risk mitigation tool being led by brokerage firms across the country.
National Flood Insurance Program
Members of The Council look forward to a long-term reauthorization of the NFIP in 2017 that increases private market participation, increases floor insurance take-up rates and preserves the Write Your Own program.
FATCA
FATCA’s goal is to close international accounts with cash value that are being exploited to avoid U.S. taxes, but it is misguided to equally target international property/casualty insurance premium payments.
Cadillac Tax
The Cadillac Tax on health plans was intended to serve as an incentive for employers to minimize costly health plans in an effort to curb healthcare spending. However, there are several issues with its estimates.
Latest Updates
South Carolina Governor Henry McMaster signed into law the South Carolina Insurance Data Security Act.
This ACA Reform Legislation Tracker was updated as of December 22, by our legal team at Steptoe & Johnson.
On April 19, The Council sent a letter to the Senate in support of S.2702, the Business of Insurance Regulatory Reform Act.
On April 16, several organizations, including The Council, sent a letter to Congress in support of a long-term reauthorization of the National Flood Insurance Program.
The Council filed a letter with the Department of Labor regarding the DOL’s proposed rule to revise the definition of “employer” under section 3(5) of ERISA.