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MI to Weigh Ban on Stock Buybacks for Companies Receiving Tax Breaks Michigan Sen. Mallory McMorrow (D) introduced a bill ( SB 783 ) that would prohibit publicly traded companies receiving economic incentives...
VA House Passes Paid Sick Leave Bill Virginia’s House of Delegates approved a bill ( HB 5 ) that would expand the state’s current paid sick leave law, which applies only to a small segment...
VA Lawmakers Okay Prescription Drug Affordability Board Virginia lawmakers have passed legislation ( SB 271 / HB 483 ) that would create a prescription drug affordability board to review drug prices...
Geolocation data has become a new frontier in privacy protection. This year, Virginia could join Maryland and Oregon as the first states to prohibit the sale of information that provides the precise...
Insurance Bill Raises Concerns in FL A fast-moving bill ( SB 1028 ) in Florida, sponsored by Sen. Joe Gruters (R), chairman of the Senate’s Banking and Insurance Committee, would require Citizens...
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Florida lawmakers passed a bill (HB 913) intended to provide condominium owners some relief from the high cost of bringing properties up to code, as a result of strict new rules imposed on them after the deadly Surfside condo collapse in 2021. But the version of HB 913 that was ultimately approved by state lawmakers has some in the condo insurance community worried that it could result in properties being underinsured. For instance, the approved version mandates that “every condominium association shall have adequate property insurance.” But wording in the introduced version stating the determination of adequate insurance coverage “must” be made via an independent appraisal was replaced with wording indicating that determination “may” be made through such an appraisal. (INSURANCE JOURNAL, LEXISNEXIS STATE NET)
—Compiled by SNCJ Managing Editor KOREY CLARK
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