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SC Proposes Rate Cuts for Some Credit Property Insurance South Carolina’s Department of Insurance plans to cut the rates for some credit property insurance, which lenders sometimes require to protect...
States Eying Higher Electricity Rates for Data Centers At least a dozen states are considering ways to make data centers pay more for their power, with evidence mounting that data center demand is driving...
Evers Vetoes Insurance Reg Exemption for Direct Primary Care Doctors Wisconsin Gov. Tony Evers (D) vetoed a bill ( SB 4 ) that would have exempted primary care doctors who provide care to patients who...
A few months ago we reported on state legislation targeting “predictive pricing,” the use of “data analytics, machine learning and algorithms to anticipate market demand and adjust prices...
CA Regulators Complete Review of Wildfire Risk Model California’s Department of Insurance has completed a review of the state’s first wildfire catastrophe model, which property/casualty insurers...
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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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