ZURICH AMERICAN INSURANCE COMPANY for ZURICH AMERICAN INSURANCE COMPANY

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: Internal Revenue Service (IRS); Health & Human Services, Dept of (HHS); Federal Emergency Management Agency (FEMA); Commerce, Dept of (DOC); Office of Management & Budget (OMB); HOUSE OF REPRESENTATIVES; U.S. Trade Representative (USTR); SENATE; Treasury, Dept of; Centers For Medicare and Medicaid Services (CMS)

Torts TOR

H.R. 982, Furthering Asbestos Claim Transparency (FACT) Act of 2013.

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

Contacted: Treasury, Dept of; U.S. Trade Representative (USTR); Health & Human Services, Dept of (HHS); Internal Revenue Service (IRS); Commerce, Dept of (DOC); HOUSE OF REPRESENTATIVES; Centers For Medicare and Medicaid Services (CMS); SENATE; Federal Emergency Management Agency (FEMA); Office of Management & Budget (OMB)

Bills named: H.R. 982 (113th)

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}).

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

Contacted: Office of Management & Budget (OMB); Commerce, Dept of (DOC); U.S. Trade Representative (USTR); Federal Emergency Management Agency (FEMA); Treasury, Dept of; SENATE; Internal Revenue Service (IRS); HOUSE OF REPRESENTATIVES; Health & Human Services, Dept of (HHS); Centers For Medicare and Medicaid Services (CMS)

Agriculture AGR

Discussions related to Farm Bill implementation, specifically the crop insurance program. H.R. 1947/H.R. 2642, Federal Agriculture Reform and Risk Management Act of 2013. S. 954, Agriculture Reform, Food, and Jobs Act of 2013. H.R. 1606, Crop Risk Options Plan Act of 2013. S. 677, Crop Insurance Improvement Act of 2013.

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

Contacted: Commerce, Dept of (DOC); SENATE; Health & Human Services, Dept of (HHS); HOUSE OF REPRESENTATIVES; Treasury, Dept of; Federal Emergency Management Agency (FEMA); U.S. Trade Representative (USTR); Internal Revenue Service (IRS); Office of Management & Budget (OMB); Centers For Medicare and Medicaid Services (CMS)

Bills named: H.R. 1947 (113th), S. 677 (113th), H.R. 1606 (113th), S. 954 (113th), H.R. 2642 (113th)

Transportation TRA

General discussions on rail safety, specifically related to exposures and liability.

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

Contacted: Commerce, Dept of (DOC); U.S. Trade Representative (USTR); Office of Management & Budget (OMB); Centers For Medicare and Medicaid Services (CMS); Health & Human Services, Dept of (HHS); HOUSE OF REPRESENTATIVES; SENATE; Treasury, Dept of; Federal Emergency Management Agency (FEMA); Internal Revenue Service (IRS)

Energy/Nuclear ENG

General discussions related to EPA regulatory actions, carbon standards for stationary sources and mobile sources for greenhouse gas.

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

Contacted: Centers For Medicare and Medicaid Services (CMS); Health & Human Services, Dept of (HHS); Commerce, Dept of (DOC); Office of Management & Budget (OMB); Treasury, Dept of; HOUSE OF REPRESENTATIVES; Internal Revenue Service (IRS); U.S. Trade Representative (USTR); Federal Emergency Management Agency (FEMA); SENATE

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, debt limit issues 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: Health & Human Services, Dept of (HHS); Centers For Medicare and Medicaid Services (CMS); U.S. Trade Representative (USTR); Treasury, Dept of; Federal Emergency Management Agency (FEMA); Commerce, Dept of (DOC); HOUSE OF REPRESENTATIVES; Office of Management & Budget (OMB); SENATE; Internal Revenue Service (IRS)

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: HOUSE OF REPRESENTATIVES; Treasury, Dept of; Office of Management & Budget (OMB); Internal Revenue Service (IRS); Health & Human Services, Dept of (HHS); Commerce, Dept of (DOC); U.S. Trade Representative (USTR); Centers For Medicare and Medicaid Services (CMS); SENATE; Federal Emergency Management Agency (FEMA)

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 of 2013. H.R. 508, Terrorism Risk Insurance Act of 2002 Reauthorization Act of 2013. H.R. 2146, Terrorism Risk Insurance Program Reauthorization Act of 2013. H.R. 1945, Fostering Resilience to Terrorism Act of 2013. Issues related to Implementation of National Flood Insurance Program reform. S. 996, a bill to amend the National Flood Insurance Program, specifically provisions related to rates. H.R. 2199, Flood Insurance Implementation Reform Act, and issues related to general flood mitigation efforts. 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: Office of Management & Budget (OMB); Centers For Medicare and Medicaid Services (CMS); HOUSE OF REPRESENTATIVES; Health & Human Services, Dept of (HHS); Internal Revenue Service (IRS); SENATE; Commerce, Dept of (DOC); Federal Emergency Management Agency (FEMA); Treasury, Dept of; U.S. Trade Representative (USTR)

Bills named: H.R. 1945 (113th), S. 996 (113th), H.R. 508 (113th), H.R. 2199 (113th), S. 1369 (113th), H.R. 2140 (113th), H.R. 240 (113th), S. 2101 (113th), H.R. 2146 (113th)

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: Internal Revenue Service (IRS); Centers For Medicare and Medicaid Services (CMS); Health & Human Services, Dept of (HHS); Federal Emergency Management Agency (FEMA); SENATE; Commerce, Dept of (DOC); Treasury, Dept of; Office of Management & Budget (OMB); HOUSE OF REPRESENTATIVES; U.S. Trade Representative (USTR)

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