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‘Unauthorized Alien’ Limits Among Trio of Auto Insurance Proposals Under Consideration in LA House Three auto insurance bills cleared the Louisiana House Committee on Civil Law and Procedure...
Social Media Bill Dodges Veto Override in CO Colorado Gov. Jared Polis’ (D) veto of a social media bill ( SB 86 ) survived an override attempt. The state’s Democrat-controlled Senate voted...
WA Enacts Law Keeping Medical Debt Off Credit Reports Washington Gov. Bob Ferguson (D) signed a bill ( SB 5480 ) prohibiting collection agencies from reporting unpaid medical debt to credit agencies...
In 2022, there were about 22 maternal deaths for every 100,000 live births in the United States. That’s the highest rate of maternal deaths among high-income nations worldwide. That sobering statistic...
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...
FL Insurers Dropping Over 50,000 Polices to Remain Afloat: The Florida Office of Insurance Regulation has issued consent orders allowing three insurers to drop thousands of personal residential policies to try to remain solvent. Universal Insurance Co. of North America (UICNA) was authorized to cancel 13,294 policies; Gulfstream Property & Casualty was authorized to drop 20,311 policies, and Southern Fidelity Insurance Co. was authorized to non-renew about 19,600 policies.
The policy terminations and non-renewals are “an extraordinary statutory remedy reserved to address insurers which are or may be in hazardous financial condition,” the consent orders stated. They are also the most recent sign of how much Florida’s insurance industry is struggling, due, among other things, to increased litigation. Collectively, the state’s insurers lost $1.7 billion last year. (INSURANCE JOURNAL)
Restrictions on Auto Insurers Advance in TX Legislature: The Texas House has passed legislation (HB 359) targeting delaying tactics used by auto insurers with claims that involve uninsured or underinsured motorists. The state’s House also passed a measure (HB 1793) prohibiting auto insurers from using oral releases to settle claims with injured motorists. (INSURANCE JOURNAL, STATE NET)
CT Regulators Propose Big Fines for Utilities’ Storm Failures: The Connecticut Public Utilities Regulatory Authority has proposed fining United Illuminating and Eversource $2.1 million and $30 million, respectively, for what it said were the utilities’ failures of preparation and response to Tropical Storm Isaias last August. Hundreds of thousands of residents and businesses were left without power last August by that storm. (INSURANCE JOURNAL)
-- Compiled by KOREY CLARK