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Cost of LA Wildfires Could Reach $150B J.P. Morgan said last week that insured losses from the wind-driven wildfires in Los Angeles could reach $10 billion, according to reporting by Reuters. AccuWeather...
More Kids’ Online Safety Measures Expected in 2025 Despite legal challenges that have blocked new state laws aimed at protecting kids from the potential harms of social media from taking effect...
New MA Law Increases Oversight of Private Equity Investment in Healthcare Massachusetts Gov. Maura Healey (D) signed a bill ( HB 5159 ) expanding oversight of private equity investment in the healthcare...
Just a couple of weeks into the new year, state legislators appear to be watching and waiting to see how things shake out with the new Trump administration. But despite the uncertainty, one issue—...
MI’s Minimum Wage Rising Most Next Year Twenty-three states’ minimum wages are increasing in 2025, typically by about 3%. But Michigan’s minimum wage will rise 21% by the end of February...
California’s Supreme Court ruled that a ballot measure passed by the state’s voters in 2020, allowing Uber, Lyft and DoorDash to continue classifying their California drivers as independent contractors, did not limit the Legislature’s authority over worker protections. The gig-economy companies backed the measure, Proposition 22, to avoid having to reclassify those workers as employees, potentially costing them millions of dollars more to operate in one of their largest U.S. markets. (INSURANCE JOURNAL)
U.S. Sens. Ron Wyden (D-OR) and Sen. Edward J. Markey (D-MA) sent a letter urging the Federal Trade Commission to investigate the collection and sharing of driver data by the auto industry. An investigation by Wyden’s office found that automakers have made relatively little from selling such data. Hyundai received $1 million, or just 61 cents per car, over six years from selling driver data to the analytics company Verisk, which sold the information to the insurance industry. Honda made only $25,920, or just 26 cents per car, over four years. (NEW YORK TIMES)
—Compiled by SNCJ Managing Editor KOREY CLARK
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