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Chatbot Bills Near Passage in CA A pair of bills aimed at protecting minors from harm by chatbots are nearing passage in California. Of the two, tech groups favor SB 243 , which would allow citizens...
NM Gov Calls Special Session to Bolster Safety Net New Mexico Gov. Michelle Lujan Grisham (D) announced a special session in October to bolster safety net programs in response to the federal spending...
Political “debanking,” the practice of banks restricting or closing customers’ accounts for political or religious reasons, has once again become a hot topic , thanks to President Donald...
CO Lawmakers Tweak Last Year’s First-In-Nation AI Law In a special session that began last week, Colorado Senate Majority Leader Robert Rodriguez (D) introduced legislation ( SB 4 a ) that would...
States Seek Ways to Replace Expiring Federal Health Subsidies Policymakers in California, Colorado, Maryland and other states are considering ways to backfill pandemic-era federal health insurance subsidies...
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Louisiana Gov. Jeff Landry (R) signed a trio of bills aimed at addressing the state’s insurance crisis, with insurers failing and fleeing the market and rates skyrocketing, as in other states at high risk of extreme weather due to climate change.
HB 611 will phase out the state’s “three-year rule,” preventing insurers from dropping or raising the deductibles of policyholders who have been customers for three years or more. Now insurers will be able to drop 5% of their longtime customers each year, and the three-year rule won’t apply to customers who buy policies after August.
SB 323 will allow homeowners insurers more time to pay claims and give them a “cure period” for resolving issues with policyholders.
SB 295 will let insurers increase rates without obtaining prior approval from the Insurance Department. (ADVOCATE, LEXISNEXIS STATE NET)
Vermont lawmakers passed legislation (HB 659) regulating cryptocurrency kiosks, or “Bitcoin ATMs,” allowing users to easily purchase digital currencies with cash or a debit card. Among other things, the measure would limit user transactions to $1,000 per day, cap fees for such transactions at 3%, and impose a one-year moratorium on the installation of new machines in the state. A spokesperson for Gov. Phil Scott (R) said he hadn’t seen the final version of the bill, but the state’s Department of Financial Regulation had “been comfortable” with the legislation. (VTDIGGER)
—Compiled by SNCJ Managing Editor KOREY CLARK
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