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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...
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