Federal Tax Reform: The Big ‘I’ Shares Takeaways From New Tax Law
Independent insurance agents may be wondering what tax provisions were included as part of the expansive package. This summary from the Big “I” provides a brief overview.
Legal and Compliance
Big ‘I’ Secures Important Wins With Passage of Trump Tax Package
Passage of the bill will make permanent the 20% deduction for pass-through entities, a huge win for many independent insurance agencies.
Top 5 Most-Read Articles in Independent Agent in June
Erie Insurance and Philadelphia Insurance Companies grappled with extended system outages, prompting errors & omissions concerns for independent insurance agents.
Big ‘I’ Releases Trusted Choice® Legal System Abuse Toolkit
The new toolkit helps independent insurance agents educate clients, explain rising costs and advocate for reforms.
How Key Factors Within the Commercial Liability Market Are Impacting Stability
Consumer litigation activity continues to impact the market adversely, with third-party funding driving additional litigation costs, higher settlements and higher premiums.
Big ‘I’ President & CEO Highlights Tax Reform, Legal System Abuse at Industry Forum
Charles Symington, Big “I” president & CEO, participated in a panel at the 2025 Insurance Information Institute’s Joint Industry Forum in Chicago.
AN Radio: Advocacy, Community and Making a Difference With Brock Elliott
Throughout his career, Elliott has played a pivotal role in the Big “I” community at both the state and national levels—from chairing the Young Agents of Kansas (YAK) and the national Young Agents Committee (YAC) to championing political advocacy in his current role as chair of the state government affairs committee.
Big ‘I’ Advocates for Agents as Lawmakers Review Consumer Data Privacy Laws
The Big “I” voiced its support for keeping state insurance regulators in charge of implementing and enforcing federal privacy standards and adopting any necessary sector-specific guidance within the insurance industry.
Legislation Introduced to Close the TPLF Tax Loophole
The “Tackling Predatory Litigation Funding Act” was introduced in both the U.S. Senate and House to create a new tax for third-party litigation funding and to clarify it does not qualify for capital gains treatment, a loophole that currently allows foreign investors to pay zero U.S. taxes.
Big ‘I’ Secures Important Wins as House Passes Tax Package
The bill would make permanent and increase the 199A deduction for pass-through entities from 20% to 23%, which is a huge win for many independent insurance agencies.
