The latest federal COVID-19 relief package, signed into law today, provides $484 billion in funding, including $310 billion for the Paycheck Protection Program, $50 billion for Economic Injury Disaster Loans, $75 billion for hospitals, and $25 billion for expanded COVID-19 testing.
2 min read
NAIFA Advocates Health, Retirement, and Life Insurance Proposals for Next Round of COVID-19 Legislation
Topics: Retirement Planning COVID-19 Federal Advocacy Congress
1 min read
Mayeux Highlights NAIFA's Small Business Ties in COVID-19 Relief Comment
NAIFA CEO Kevin Mayeux issued the following statement on congressional passage of the latest $484 billion COVID-19 relief legislation.
Topics: COVID-19 Federal Advocacy
IRS Webinar to Answer COVID-19 Tax Questions
An Internal Revenue Service (IRS) webinar tomorrow will provide a forum for taxpayers to ask IRS officials questions about relief payments due to taxpayers under the CARES Act and other COVID-19-related tax matters. The webinar is open to everyone and will be of particular interest to small business owners, individuals, veterans, and Social Security recipients.
Topics: COVID-19 Federal Advocacy IRS
2 min read
NAIFA Family Response Fund to Help NAIFA Members With COVID-19 Expenses
NAIFA has announced the creation of the NAIFA Family Response Fund to help NAIFA members with expenses related to the COVID-19 outbreak. The fund will benefit NAIFA members and their legal dependents who face financial hardship due to unexpected out-of-pocket medical or funeral expenses related to the COVID-19 outbreak.
Topics: State Advocacy COVID-19 Federal Advocacy Grassroots
2 min read
The IRS and Social Security Administration Report Increased Fraud Related to COVID-19
The U.S. Treasury Department reports that nearly 16,000 American have been taken in by scams involving criminals falsely claiming to be employees of the Internal Revenue Service (IRS). The scams have resulted in losses of more than $80 million.
Topics: COVID-19 Federal Advocacy IRS
1 min read
New York Issues Emergency Regulations Requiring Insurer and Producer Notifications to Clients
The New York State Department of Financial Services (DFS) recently issued emergency regulations describing the notifications that insurers and agents must provide to their policyholders regarding the flexibility being given regarding premium payments, policy lapse and renewal and other topics. The new regulations—11 NYCRR 229.5(b) and 3 NYCRR 405.6(b)(4).
>View the Regulations
Topics: State Advocacy Standard of Care & Consumer Protection New York Grassroots
5 min read
COVID-19: Changing how we live, work… and vote
On Sunday, March 29th, President Donald Trump extended his coronavirus guidelines for America, announcing 30 Days to Slow the Spread, effectively extending the minimum time for most Americans to remain at home until April 30th.
Topics: State Advocacy COVID-19 Federal Advocacy Grassroots
COVID-19 Impacts Life Insurance Applications
Some reinsurers and primary insurance companies have announced that they will temporarily stop accepting applications for some life insurance policies. The COVID-19 outbreak has injected a new level of uncertainty into the marketplace and made it difficult for insurers to complete underwriting tasks, such as medical exams. Low interest rates are also having an impact on carriers’ business models.
Topics: State Advocacy COVID-19 Federal Advocacy Grassroots
8 min read
NAIFA State Advocacy Amidst COVID-19: A Glimpse into the Unknown
NAIFA State Advocacy Amidst COVID-19: A Glimpse into the Unknown
Topics: State Advocacy COVID-19
2 min read
Which Small Business Loan is Best for Your Clients?
The trinity of Congressional COVID-19 relief packages acknowledge the importance of small businesses to our economy. The new laws contain numerous provisions to support employers and their workers including small business loans.
