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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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Victims of the Los Angeles wildfires in January have filed a pair of lawsuits claiming USAA, a Texas-based insurer that serves members of the military, and two insurers affiliated with AAA underestimated the replacement cost of their homes for years, leaving them without enough coverage to rebuild their homes. The plaintiffs accuse the insurers of fraud and negligence, among other things, and seek damages as well as reform of the insurers’ practices. (INSURANCE JOURNAL, LOS ANGELES TIMES)
North Carolina’s legislature passed a bill that would create a five-member board of appointees to manage the state’s $127 billion in pension funds (HB 506), and the state’s House passed a measure that would allow that board to invest up to 5% of those funds in cryptocurrencies like bitcoin (HB 92). The first measure now goes to Gov. Josh Stein (D), while the second awaits action by the Rules and Operations of the Senate Committee. (NC NEWSLINE, LEXISNEXIS STATE NET)
—Compiled by SNCJ Managing Editor KOREY CLARK
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