
It's July 15th and we are speeding through the summer. We have a lot of news to cover in this week's Big I Buzz. You can stay up-to-date on all weekly news by subscribing to our email newsletter here.
InsurCon2020
We have made the difficult decision to delay InsurCon until 2021. We feel strongly that the safety of our members, exhibitors, staff and speakers come first. You can look forward to InsurCon2021 - as it is now scheduled for May 10-11, 2021. We are pleased to share that Joe Theismann will still be a keynote speaker in 2021. You can stay informed on InsurCon20201 updates as we release new information on our website here.
Walmart Launches Insurance Business
On July 9th, news broke that Walmart is joining the health insurance industry as an intermediary. In an email statement to CNBC, Walmart confirmed they had created an insurance agency, but their spokesperson, Randy Hargrove, would not share details about the plans it would sell, or the pricing of those plans. Read more from Insurance Business Magazine here.
House OKs $1.5 Trillion Infrastructure Plan That Impacts HOS, Insurance
The Moving Forward Act was approved by the House this week and if passed by the Senate, would increase the minimum amount of liability insurance commercial motor vehicles are required to maintain from $750,000 to $2 million. Additionally, if passed the bill would fund projects to fix roads and bridges, upgrade transit system, expand interstate railways and dredge harbors, ports and channels. This bill would also authorize more than $100 billion to expand internet access for rural and low-income communities and $25 billion to modernize the USPS's infrastructure and operations, including new, electric vehicles, according to ttnews.com.
We hope everyone has a great rest of their week!