Capitol Update – Biennial Budget Process
As the Wisconsin weather heats up, so has activity at our State Capitol. New legislation is constant and public hearings are happening almost daily. Meanwhile, the Joint Finance Committee has been meeting frequently, crafting the state budget piece by piece. Similar to the last budget process, the Joint Finance Committee (JFC) chose to revert the…
Read MoreCybersecurity Legislation Advances Out of Committee Process
After a few months of committee proceedings, Senate Bill 160/Assembly Bill 147 is advancing to the final stages of the legislative process. In the last update, the bill had undergone a hearing in the Senate, where PIA President Julie Ulset had testified. Since that time, the legislation passed unanimously out of committee in the Senate…
Read MoreState Offering New $5,000 Small Business Grants
Qualifying small businesses can now apply for $5,000 in grant funding from the Wisconsin Tomorrow Small Business Grants program. Applications are currently being accepted through the deadline of 4:30 pm on June 7th. This new grant program is being administered through the Wisconsin Economic Development Corporation (WEDC) and the Wisconsin Department of Revenue (DOR), using funds…
Read MoreThings That Challenge You Will Change You
Credit to Michael Winstanley, PIA of Wisconsin Board Member The Greek philosopher Heraclitus has been quoted as saying, “change is the only constant in life.” I think we can all agree that the past year has been challenging to say the least. We have had to make many changes in our daily lives. We have…
Read MoreHomeowner’s Property Valuation
Are Your Clients Adequately Covered? While exact percentages vary, experts warn that a growing number of homeowners are underinsured. Inflation, fluctuating building costs, depreciation, and often, a misunderstanding of valuation methods are likely contributors to this trend. As a result, the importance of helping your clients properly assess the value of their home and belongings…
Read MoreOCI is Seeking Comment on Commercial Lines Modernization
The Office of the Commissioner of Insurance is seeking citizen and stakeholder comments on a proposed rule to exempt certain commercial property rates and forms from filing requirements. Read the notice here. In summary, the proposed rule will: Reduce the premium threshold for the rate filing exemption for coverages for general liability, commercial automobile, crime,…
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