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MN Considering Taxing Social Media Apps Minnesota’s Senate Taxes Committee heard a bill ( SB 3197 ) last week that would make the state the first in the nation to tax social media apps. The measure...
AR Lawmakers Pass Bill Banning PBMs from Running Pharmacies The Arkansas legislature passed a bill ( HB 1150 ) that would make the state the first in the nation to prohibit pharmacy benefit managers...
The days of simply setting a price for goods or services and waiting for customers to accept it are gone. Thanks to predictive pricing , businesses of all sorts can now use data analytics, machine learning...
‘Predictive Pricing’ Top Priority for CA Lawmakers Predictive pricing, a practice involving the use of artificial intelligence to set prices for customers based on factors like the websites...
Patchwork of Paid Leave Laws Set to Continue There’s currently no federal law requiring paid leave. The federal Family and Medical Leave Act of 1993 only requires employers to provide unpaid time...
The Illinois Bankers Association and other organizations filed a federal lawsuit to block a new Illinois law limiting banks from charging interchange, or “swipe,” fees on tax and tip revenues. The Interchange Fee Prohibition Act is scheduled to take effect on July 1 next year. (CENTER SQUARE)
Washington State Insurance Commissioner Mike Kreidler (D) has proposed delaying Phase 2 of a recently adopted insurance premium change transparency rule for two years, from June 2027 to June 2029. Phase 1 of the rule, which took effect in June of this year, requires homeowners and auto insurers to disclose to policyholders why their premiums have increased when asked. Phase 2 will require the reasons for premium increases to be included in policy renewals. (INSURANCE JOURNAL)
The U.S. 11th Circuit Court of Appeals ruled that insurance carriers can’t be held responsible when banks improperly cash checks made out to two insureds and give the proceeds to just one of them. The federal appeals court’s decision—involving Markel American Insurance Co. and a pair of Florida-based truck-leasing firms—and a similar ruling by a state-level appellate court in Florida in 2022 means insurers in the state are unlikely to face similar lawsuits in the future. (INSURANCE JOURNAL)
—Compiled by SNCJ Managing Editor KOREY CLARK
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