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DOGE-Like Effort in FL Could Impact Insurance Industry The wave of housecleaning that’s swept through the federal government courtesy of Elon Musk's Department of Government Efficiency appears...
Judge Permanently Blocks OH Social Media Access Law A federal judge issued an injunction permanently blocking an Ohio law that requires parental consent for those under the age of 16 to have a social...
State Lawmakers Target PSAOs After targeting pharmacy benefit managers for years for contributing to the high cost of prescription drugs, state lawmakers have begun setting their sights on pharmacy services...
Two years ago, California enacted first-of-its-kind legislation allowing residents to demand that data brokers delete the personal information the brokers have collected about them. Known as the California...
MN Considering Taxing Social Media Apps Minnesota’s Senate Taxes Committee heard a bill ( SB 3197 ) last week that would make the state the first in the nation to tax social media apps. The measure...
Massachusetts’ top appellate court upheld a first-in-the-nation rule holding broker-dealers to the same standard as investment advisers, which had been challenged by brokerage app provider Robinhood LLC. The ruling could support efforts by states like Nevada and New Jersey to promulgate regulations that go beyond U.S. Securities and Exchange Commission rules regarding the broker-dealer industry. (LAW360)
Farmers Insurance said it is letting go of about 2,400 employees, roughly 11% of its workforce. The company, one of the nation’s largest providers of auto, home and small business insurance, said it was streamlining its organizational structure to position itself better for profitability long-term, but the layoffs come pullbacks in Florida’s and California’s homeowners insurance markets in recent months. (INSURANCE JOURNAL)
The U.S. Court of Appeals for the DC Circuit ruled that the U.S. Securities and Exchange Commission erred in refusing to allow cryptocurrency investment firm Grayscale to convert its bitcoin trust into an ETF. The court said: “The Commission failed to adequately explain why it approved the listing of two bitcoin futures ETPs but not Grayscale’s proposed bitcoin ETP.” (CNBC)
—Compiled by SNCJ Managing Editor KOREY CLARK
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