05/07/2025
Last week, the following IIABW members met with our state's Congressional delegation: Lori Reed and Craig Field of Mitchell Reed & Schmitten; Reid Ekberg, Pilkey Hopping & Ekberg; Duane and Lynn Henson of WAFD Insurance; Amberlyn McQuary of Stonebraker McQuary; Hans Eskelsen and family of WAFD Insurance; Dan Holst of IIABW; Doug Mohr and Mike Erlandson of Vertafore.
We discussed the following issues:
Tax Reform - Make permanent the 20% small business deduction which will expire at the end of 2025 if it isn’t extended.
Disaster Mitigation - Support pre-disaster mitigation efforts, including Fix Our Forests Act (H.R.471), Disaster Resiliency and Coverage Act of 2025 (H.R.1105) and Disaster Mitigation and Tax Parity Act of 2025 (S.336/H.R.1849). Also, recognize the important role that publicly available data from NOAA - hurricane frequency, wildfire patterns and changes to flood zones which increases insurers accuracy in underwriting.
NFIP - Extend the National Flood Insurance Program (NFIP) before its expiration on September 30.
Legal Reform - Address legal system abuse, specifically by foreign entities and sophisticated investors that are profiting off the U.S. court system by financing and subsidizing litigation.
Crop Insurance - protect crop insurance from harmful cuts that would undermine farmers and safeguard the critical role independent insurance agents play in the sale and servicing of crop insurance.
