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SC Proposes Rate Cuts for Some Credit Property Insurance South Carolina’s Department of Insurance plans to cut the rates for some credit property insurance, which lenders sometimes require to protect...
States Eying Higher Electricity Rates for Data Centers At least a dozen states are considering ways to make data centers pay more for their power, with evidence mounting that data center demand is driving...
Evers Vetoes Insurance Reg Exemption for Direct Primary Care Doctors Wisconsin Gov. Tony Evers (D) vetoed a bill ( SB 4 ) that would have exempted primary care doctors who provide care to patients who...
A few months ago we reported on state legislation targeting “predictive pricing,” the use of “data analytics, machine learning and algorithms to anticipate market demand and adjust prices...
CA Regulators Complete Review of Wildfire Risk Model California’s Department of Insurance has completed a review of the state’s first wildfire catastrophe model, which property/casualty insurers...
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J.P. Morgan said last week that insured losses from the wind-driven wildfires in Los Angeles could reach $10 billion, according to reporting by Reuters. AccuWeather initially estimated the total damage and economic loss from the fires would range from $52 billion to $57 billion, but days later it revised its estimate to between $135 billion and $150 billion, which would make the fire disaster one of the costliest in modern U.S. history. (INSURANCE JOURNAL, ACCUWEATHER)
Texas filed a lawsuit alleging Allstate has been secretly collecting driver data through drivers’ smartphone apps. Texas AG Ken Paxton (R) said Allstate and its analytics subsidiary Arity paid mobile app developers millions of dollars to install their tracking software. Last year the state sued General Motors for allegedly collecting drivers’ data and selling it to insurers without the drivers’ consent. (NEW YORK TIMES)
—Compiled by SNCJ Managing Editor KOREY CLARK
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