ZURICH AMERICAN INSURANCE COMPANY for ZURICH AMERICAN INSURANCE COMPANY

Trade (domestic/foreign) TRD

Discussions related to proposals to facilitate and promote competitive financial services markets (Trans Pacific Partnership {TPP}, Transatlantic Trade and Investment Partnership {TTIP}, Trade Promotion Authority {TPA}, Trade in Services Agreement {TISA}). H.R. 2052/S. 1023, Global Investment in American Jobs Act of 2013.

Foreign entity interest: Zurich Insurance Group - interests are those of parent company.

Contacted: U.S. Trade Representative (USTR); Commerce, Dept of (DOC); Treasury, Dept of; Health & Human Services, Dept of (HHS); Council of Economic Advisers (CEA); Executive Office of the President (EOP); Federal Emergency Management Agency (FEMA); HOUSE OF REPRESENTATIVES; Office of Management & Budget (OMB); SENATE; Centers For Medicare and Medicaid Services (CMS); Natl Oceanic & Atmospheric Administration (NOAA)

Bills named: H.R. 2052 (113th), S. 1023 (113th)

Agriculture AGR

Implementation of Pub. Law No. 113-79, The Agriculture Act of 2014.

Foreign entity interest: Zurich Insurance Group - interests are those of parent company.

Contacted: Natl Oceanic & Atmospheric Administration (NOAA); Office of Management & Budget (OMB); SENATE; Council of Economic Advisers (CEA); U.S. Trade Representative (USTR); HOUSE OF REPRESENTATIVES; Centers For Medicare and Medicaid Services (CMS); Health & Human Services, Dept of (HHS); Treasury, Dept of; Commerce, Dept of (DOC); Federal Emergency Management Agency (FEMA); Executive Office of the President (EOP)

Transportation TRA

General discussions on rail safety.

Foreign entity interest: Zurich Insurance Group - interests are those of parent company.

Contacted: U.S. Trade Representative (USTR); HOUSE OF REPRESENTATIVES; Commerce, Dept of (DOC); Treasury, Dept of; Executive Office of the President (EOP); Council of Economic Advisers (CEA); Federal Emergency Management Agency (FEMA); SENATE; Natl Oceanic & Atmospheric Administration (NOAA); Centers For Medicare and Medicaid Services (CMS); Health & Human Services, Dept of (HHS); Office of Management & Budget (OMB)

Taxation/Internal Revenue Code TAX

Implementation of the Foreign Account Tax Compliance Act of 2009 (specifically, reporting and designation requirements for insurance and content/scope of intergovernmental agreements to implement), as included and passed in the Hiring Incentive to Restore Employment (HIRE) Act.Proposals to alter tax treatment of U.S. subsidiaries of foreign parent corporations specific to foreign affiliated reinsurance, including, fiscal, issues related to tax extenders and longer tax reform discussions. H.R. 2054/S. 991, to amend the Internal Revenue Code of 1986 by altering the tax treatment of legitimate foreign affiliate reinsurance transactions undertaken by U.S. subsidiaries of foreign parent companies; includes provisions in Administration's 2014 Budget Proposal; and Senate Finance staff discussion draft on international taxation. Camp staff discussion draft inclusion of foreign affiliated reinsurance. Proposals to alter tax code treatment of life insurance products, specifically COLI and DRD provisions. General discussion of tax code reform, specific to insurance and individual/corporate rates.

Foreign entity interest: Zurich Insurance Group - interests are those of parent company.

Contacted: SENATE; U.S. Trade Representative (USTR); Natl Oceanic & Atmospheric Administration (NOAA); Treasury, Dept of; Executive Office of the President (EOP); Federal Emergency Management Agency (FEMA); Commerce, Dept of (DOC); HOUSE OF REPRESENTATIVES; Centers For Medicare and Medicaid Services (CMS); Council of Economic Advisers (CEA); Office of Management & Budget (OMB); Health & Human Services, Dept of (HHS)

Bills named: S. 991 (113th), H.R. 2054 (113th)

Health Issues HCR

General discussions related to implementation of the Patient Protection and Affordable Care Act (Public Law No. 111-148), specifically as it concerns the treatment of accepted benefits.

Foreign entity interest: Zurich Insurance Group - interests are those of parent company

Contacted: Office of Management & Budget (OMB); Federal Emergency Management Agency (FEMA); Commerce, Dept of (DOC); Executive Office of the President (EOP); Treasury, Dept of; SENATE; Council of Economic Advisers (CEA); Natl Oceanic & Atmospheric Administration (NOAA); U.S. Trade Representative (USTR); HOUSE OF REPRESENTATIVES; Centers For Medicare and Medicaid Services (CMS); Health & Human Services, Dept of (HHS)

Insurance INS

Implementation of Public Law No. 111-203, Dodd-Frank Wall Street Reform and Consumer Protection Act, specifically, provisions on risk, insurance oversight (Federal Insurance Office), and potential CFPB activities related to P&C insurance. General issues related to lender placed insurance market.Discussions related to Basel III capital standards. Discussions on U.S. and global designation of systemically relevant non-bank financial firms. S.1369, A bill to provide additional flexibility to the Board of Governors of the Federal Reserve System to establish capital standards that are properly tailored to the unique characteristics of the business of insurance, and for other purposes. H.R. 2140, Insurance Capital and Accounting Standards Act of 2013. S.2101, A bill to clarify the application of certain leverage and risk-based requirements under the Dodd-Frank Wall Street Reform and Consumer Protection Act. General issues related to Super Storm Sandy, as related to P&C insurance, including resilience and mitigation. General discussions on natural catastrophe related proposals. H.R. 240, Homeowners Insurance Protection Act. H.R. 508, Terrorism Risk Insurance Act of 2002 Reauthorization Act of 2013. H.R. 4871, Terrorism Risk Insurance Program Reauthorization Act of 2014. H.R. 1945, Fostering Resilience to Terrorism Act of 2013. S. 2244, Terrorism Risk Insurance Program Reauthorization Act of 2014. General discussions on Insurance Capital Investment. General discussions on the insurability of cyber exposures.

Foreign entity interest: Zurich Insurance Group - interests are those of parent company.

Contacted: Centers For Medicare and Medicaid Services (CMS); SENATE; Executive Office of the President (EOP); Health & Human Services, Dept of (HHS); Council of Economic Advisers (CEA); HOUSE OF REPRESENTATIVES; Federal Emergency Management Agency (FEMA); U.S. Trade Representative (USTR); Treasury, Dept of; Office of Management & Budget (OMB); Commerce, Dept of (DOC); Natl Oceanic & Atmospheric Administration (NOAA)

Bills named: S. 2244 (113th), H.R. 240 (113th), H.R. 1945 (113th), H.R. 508 (113th), S. 1369 (113th), H.R. 4871 (113th), H.R. 2140 (113th), S. 2101 (113th)

Government Issues GOV

General discussions related to the lawful advocacy activities of U.S. subsidiaries of foreign parent companies.

Foreign entity interest: Zurich Insurance Group - interests are those of parent company.

Contacted: SENATE; HOUSE OF REPRESENTATIVES; Executive Office of the President (EOP); Centers For Medicare and Medicaid Services (CMS); U.S. Trade Representative (USTR); Commerce, Dept of (DOC); Natl Oceanic & Atmospheric Administration (NOAA); Federal Emergency Management Agency (FEMA); Health & Human Services, Dept of (HHS); Treasury, Dept of; Council of Economic Advisers (CEA); Office of Management & Budget (OMB)

Energy/Nuclear ENG

General discussions related to EPA regulatory actions, carbon standards for stationary sources and mobile sources for greenhouse gas, domestic natural gas and crude production exports, and energy grid resilience.

Foreign entity interest: Zurich Insurance Group - interests are those of parent company.

Contacted: U.S. Trade Representative (USTR); Federal Emergency Management Agency (FEMA); SENATE; Natl Oceanic & Atmospheric Administration (NOAA); Executive Office of the President (EOP); Commerce, Dept of (DOC); Health & Human Services, Dept of (HHS); Centers For Medicare and Medicaid Services (CMS); HOUSE OF REPRESENTATIVES; Office of Management & Budget (OMB); Treasury, Dept of; Council of Economic Advisers (CEA)

Labor Issues/Antitrust/Workplace LBR

Proposals to end private sector delivery of the Defense Base Act insurance program (Administration's FY2014 Budget proposal). H.R. 2129, Defense Base Act Insurance Improvement Act of 2013. General discussions related to the modernization of the Medicare secondary payer process (specific to workers compensation liability).General discussions on War Hazard recovery program reimbursement. H.R. 1982, Medicare Secondary Payer and Workers' Compensation Settlement Agreements Act of 2013.

Foreign entity interest: Zurich Insurance Group - interests are those of parent company.

Contacted: HOUSE OF REPRESENTATIVES; Commerce, Dept of (DOC); Federal Emergency Management Agency (FEMA); Council of Economic Advisers (CEA); Office of Management & Budget (OMB); U.S. Trade Representative (USTR); SENATE; Centers For Medicare and Medicaid Services (CMS); Natl Oceanic & Atmospheric Administration (NOAA); Treasury, Dept of; Executive Office of the President (EOP); Health & Human Services, Dept of (HHS)

Bills named: H.R. 2129 (113th), H.R. 1982 (113th)