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: Commerce, Dept of (DOC); Federal Emergency Management Agency (FEMA); Treasury, Dept of; Executive Office of the President (EOP); HOUSE OF REPRESENTATIVES; SENATE; Labor, Dept of (DOL); Natl Oceanic & Atmospheric Administration (NOAA)

Agriculture AGR

General discussions in support of the Federal Crop Insurance Program.

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

Contacted: Federal Emergency Management Agency (FEMA); SENATE; Labor, Dept of (DOL); HOUSE OF REPRESENTATIVES; Commerce, Dept of (DOC); Executive Office of the President (EOP); Treasury, Dept of; Natl Oceanic & Atmospheric Administration (NOAA)

Transportation TRA

General discussions on rail and commercial motor carrier safety.

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

Contacted: HOUSE OF REPRESENTATIVES; Labor, Dept of (DOL); Commerce, Dept of (DOC); Natl Oceanic & Atmospheric Administration (NOAA); Treasury, Dept of; SENATE; Federal Emergency Management Agency (FEMA); Executive Office of the President (EOP)

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. Discussions on insourcing with SelectUSA.

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

Contacted: HOUSE OF REPRESENTATIVES; Natl Oceanic & Atmospheric Administration (NOAA); Treasury, Dept of; Commerce, Dept of (DOC); Labor, Dept of (DOL); Federal Emergency Management Agency (FEMA); SENATE; Executive Office of the President (EOP)

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

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.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 2015 Budget Proposal; and Senate Finance staff discussion draft on international taxation. H.R. 1, Tax Reform Act of 2014. Proposals to alter tax treatment of U.S. subsidiaries of foreign parent corporations specific to foreign affiliated reinsurance, including issues related to tax extenders, Highway Trust Fund and corporate tax reform discussions. 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. Discussions related to inversion as it concerns implications for foreign subsidiaries.

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

Contacted: Executive Office of the President (EOP); Federal Emergency Management Agency (FEMA); Treasury, Dept of; Natl Oceanic & Atmospheric Administration (NOAA); Commerce, Dept of (DOC); Labor, Dept of (DOL); SENATE; HOUSE OF REPRESENTATIVES

Bills named: S. 991 (113th), H.R. 1 (113th), H.R. 2054 (113th)

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.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. S. 2270, Insurance Capital Standards Clarification Act of 2014. 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. H.R. 5180, Financial Stability Oversight Council Improvement Act of 2014. General discussions on Insurance Capital Investment. General discussions on Commercial Insurance regulation General issues related to resilience and mitigation, as related to P&C insurance. General discussions on natural catastrophe related proposals. S.2244, Terrorism Insurance Program Reauthorization Act of 2014. H.R. 83, Making consolidated appropriations for the fiscal year ending September 30, 2015, and for other purposes. H.R. 26, Terrorism Risk Insurance Program Reauthorization Act of 2015. General discussions on the insurability of cyber exposures. S.2519, National Cybersecurity Protection Act of 2014. S.1353, Cybersecurity Enhancement Act of 2014. General discussions on issues related to Surety Bonds. H.R. 4435, Howard P. "Buck" McKeon National Defense Authorization Act for Fiscal Year 2015, provisions on insurance issues. H.R. 3979, Carl Levin and Howard P. "Buck" McKeon National Defense Authorization Act for Fiscal Year 2015, provisions on insurance issues.

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

Contacted: Natl Oceanic & Atmospheric Administration (NOAA); Federal Emergency Management Agency (FEMA); HOUSE OF REPRESENTATIVES; Commerce, Dept of (DOC); SENATE; Labor, Dept of (DOL); Treasury, Dept of; Executive Office of the President (EOP)

Bills named: S. 2519 (113th), H.R. 3979 (113th), S. 1369 (113th), H.R. 83 (113th), S. 2270 (113th), S. 2101 (113th), H.R. 26 (113th), H.R. 5180 (113th), H.R. 4435 (113th), S. 1353 (113th), S. 2244 (113th)

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, energy grid resilience, and proposals on crude by rail.

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

Contacted: Executive Office of the President (EOP); Labor, Dept of (DOL); Treasury, Dept of; Commerce, Dept of (DOC); Federal Emergency Management Agency (FEMA); HOUSE OF REPRESENTATIVES; SENATE; Natl Oceanic & Atmospheric Administration (NOAA)

Labor Issues/Antitrust/Workplace LBR

Proposals to end private sector delivery of the Defense Base Act insurance program. 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. S. 2731, A bill to amend title XVIII of the Social Security Act to provide for the application of Medicare secondary payer rules to certain workers' compensation settlement agreements and qualified Medicare set-aside provisions.

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

Contacted: Commerce, Dept of (DOC); SENATE; Labor, Dept of (DOL); Treasury, Dept of; Natl Oceanic & Atmospheric Administration (NOAA); Federal Emergency Management Agency (FEMA); HOUSE OF REPRESENTATIVES; Executive Office of the President (EOP)

Bills named: H.R. 1982 (113th), S. 2731 (113th), H.R. 2129 (113th)