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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...
CT Lawmakers Target AI in Employment A bill (SB 435) before Connecticut’s legislature would require employers to disclose to job applicants when they are communicating with artificial intelligence...
On March 11, Washington Gov. Bob Ferguson (D) signed HB 2303 . The law, which takes effect June 11, bars employers from requesting, requiring or coercing workers or job applicants to accept a subcutaneous...
ND Regulators Approve Bank-to-Bank Stablecoin Use North Dakota’s Industrial Commission approved the use of the state bank’s planned stablecoin, the Roughrider Coin, for bank-to-bank transactions...
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In response to the devastating wildfires in Los Angeles last month, California Insurance Commissioner Ricardo Lara (D) and several state lawmakers have proposed a 10-bill package of legislation aimed at improving disaster preparedness and assisting wildfire survivors.
The bills include the California Safe Homes Act, which would create a grant program to help residents buy fire-rated roofs and create non-ignition zones around their homes; the Business Insurance Protection Act, which would broaden the insurance commissioner’s authority to issue moratoriums on non-renewals and cancellations after emergency declarations to include businesses and other properties; and the Eliminate “The List” Act, which would make California the first state in the nation to require insurers to pay wildfire survivors 100% of their contents coverage limits without requiring them to submit an itemized list of everything they lost. (INSURANCE JOURNAL)
California Insurance Commissioner Ricardo Lara (D) approved a request from the state’s home insurance plan of last resort, the California FAIR Plan, for a $1 billion assessment on insurers doing business in the state to cover claims from the Los Angeles wildfires. The decision is likely to drive up insurance costs for California homeowners and could also drive more insurers out of the state. (INSURANCE JOURNAL, NEW YORK TIMES)
California Insurance Commissioner Ricardo Lara (D) declined a request from State Farm for a 22% emergency, interim rate increase, which the insurer said was partly due to the LA wildfires. Instead, Lara called a meeting with the insurer to get more information about its financial situation. (INSURANCE JOURNAL)
—Compiled by SNCJ Managing Editor KOREY CLARK
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