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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...
Trump Administration’s ‘AI Action Plan’ Targets State AI Regulation The Trump administration released an “AI Action Plan,” aimed at speeding the development of artificial...
In the span of just 36 days this spring and summer, the number of states offering unemployment benefits to striking workers doubled—to four. New Jersey was the first to offer such benefits, beginning...
Developing Anti-‘Debanking’ Trend in Red States? A new front appears to have opened in the ongoing battle over environmental, social and governance (ESG) investing. In March Idaho Gov. Brad...
FL Requests Medicaid Waiver to Bolster Health Workforce Florida is seeking a federal waiver to use Medicaid funding to expand its health care workforce, a plan that could be adopted by other states....
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California Insurance Commissioner Ricardo Lara (D) issued a notice to residential property insurance companies in the state urging them to go beyond their legal obligation and pay policyholders affected by the wildfires last month in Southern California 100% of their personal property coverage limits without requiring them to itemize everything they lost. The notice, which doesn’t have the force of law, gave insurers until Feb. 28 to inform the Department of Insurance whether they will comply with Lara’s request.
On Jan. 23 Lara issued a bulletin reminding insurers and adjusters that under the state of emergency declared by Gov. Gavin Newsom (D) as a result of the fires, insurers were required to pay up to 30 percent of a policyholder’s contents coverage limit, up to a maximum of $250,000, without itemization. (NEW YORK TIMES)
As part of his 2025-26 budget, Florida Gov. Ron DeSantis (R) proposed spending about $590 million on a program to help lower insurance premiums by strengthening homes against hurricanes. The budget would also provide $30 million for a similar home-hardening program for condominiums. (WUSF)
A bill under consideration in Indiana (HB 1174) would raise the limit on payday loans to $25,000 from its current level of $825. The measure would also increase the maximum interest rate payday lenders could charge to 36% from the current 25% rate. (WRTV, LEXIS NEXIS STATE NET)
—Compiled by SNCJ Managing Editor KOREY CLARK
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