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CA Senate Approves AI Companion Chatbots Safety Bill California’s Senate passed a bill ( SB 243 ) that would require artificial intelligence-powered companion chatbot platforms to remind users...
OR Lawmakers Close to Approving Unemployment for Striking Workers The Oregon House passed a bill ( SB 916 ) that would allow striking workers to receive unemployment benefits for up to 26 weeks. The...
CO Changes Way PBMs Paid Colorado Gov. Jared Polis (D) signed a bill ( HB 1094 ) that, among other things, will allow pharmacy benefit managers, starting in 2027, to only be paid a flat service fee instead...
LA Homeowners Sue Insurers over Inadequate Fire Coverage Victims of the Los Angeles wildfires in January have filed a pair of lawsuits claiming USAA, a Texas-based insurer that serves members of the...
A year ago, after the passage of a couple of strong data privacy laws in Maryland and Vermont, we wondered if states were starting to get tougher on consumer privacy . Even though this issue remains...
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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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