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ME Lawmakers Pass Data Center Ban The Maine Legislature passed a bill ( HB 207 ) that would make the state the first to temporarily ban the development of large data centers. The measure would impose...
State and Federal Funding Flowing for Ibogaine Research President Donald Trump signed an executive order providing up to $50 million in federal funding for states to conduct research on ibogaine, a psychedelic...
Smart glasses, like Ray-Ban Meta frames, allow wearers to take photos and videos, listen to music and make calls without ever picking up a phone. The technology, however, can also permit users to record...
IL House Passes ‘Junk Fee’ Bill The Illinois House passed a bill ( HB 228 ) that would amend the state’s Consumer Fraud and Deceptive Business Practices Act to prohibit businesses from...
Anthropic Not Releasing New AI Model to Public The artificial intelligence company Anthropic—recently in the headlines for demanding that the Pentagon agree to certain limitations on the use of...
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Florida lawmakers passed sweeping legislation aimed at ending the state’s years-long property insurance crisis. If signed by Gov. Ron DeSantis (R), the bill (SB 2 c), which sailed through both chambers during the state’s second special session on insurance, will return state-created Citizens Property Insurance Corp. to the status of insurer of last resort by requiring Citizens’ policyholders to switch to another carrier if that carrier’s premiums aren’t over 20 percent higher than Citizens’.
It will also require Citizens policyholders to purchase flood insurance; do away with one-way attorney fees and assignment of benefits agreements, which insurers say have been major cost drivers; reduce the amount of time insurers have to pay or deny claims; give the Office of Insurance Regulation more authority to examine insurer practices; and create a taxpayer-funded $1 billion reinsurance program. (INSURANCE JOURNAL, TAMPA BAY TIMES, STATE NET)
New York Gov. Kathy Hochul (D) signed legislation (SB 7658/AB 8869) protecting victims of hate crimes from unfair insurance practices. The law bars insurers from canceling a policy, raising a premium, or refusing to issue or renew a policy solely because an individual or organization filed one or more claims for a loss resulting from a hate crime. (INSURANCE JOURNAL, STATE NET)
-- Compiled by KOREY CLARK