2025 August

Fellow Agents and Brokers and Agency partners, I want to take a moment to talk with you about the exciting year we are going to have with some great changes to our Insurance Marketplace. The first thing that comes to mind is a song from the O'Jays “Money, Money, Money" With our first 6 months into the new administration and Congress and Senate and the passing of the Big Beautiful Bill! Our national Big “I" Government affairs team did a great job at extending the Main Street tax credits which benefits most of the agencies, but also most our clients! The National team is working hard to protect our industry. With the changes from the big bill will create many new opportunities for our members. 

On the state of affairs here at home in Nevada, we have a few changes coming down the pipe after this tumultuous legislative session in Carson City. There is even talk of a special session to get bills passed that died due to the running out of the clock! Some of these changes are good and some can present challenges for you and your clients. With the passing of the Sandbox bill for hard-to-place homes and high-risk homes. The details and implementation is still being worked out at the Department of Insurance and the Governor's office but it looks promising. The bill will allow for speed to market, File and Use and Flex rating. The other change that will bring some challenges has to do with Workers' Comp and the raising of the payroll exposure cap. We have yet to see what the final outcome with regards to rate and premiums are yet to be, but we will keep everyone posted as soon as we know. With that being said, have a great rest of the summer and enjoy the sunshine!

Cory Semel, Semel Risk Consultants

President, Nevada Independent Insurance Agents