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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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California Insurance Commissioner Ricardo Lara issued a one-year moratorium on the cancellation or non-renewal of residential insurance coverage for more than 185,000 policyholders impacted by recent major fires in the state. The moratorium shields homeowners within the perimeters or adjoining ZIP codes of the fires for one year regardless of whether they suffered a loss. (INSURANCE JOURNAL)
Five Louisiana legislative committees with oversight of insurance met last week to discuss the causes of and potential solutions for the state’s high insurance rates. The state’s Legislature is expected to meet in a special session on insurance issues in 2025. (LOUISIANA ILLUMINATOR)
As the backlash against diversity, equity and inclusion, or DEI, investing has intensified in the United States, the number of resolutions companies have been receiving from investors urging them to abandon their support of DEI programs has also been rising, with 42 such anti-DEI resolutions having been filed this year, up from just one three years ago. But for now, pro-DEI resolutions still outnumber anti-DEI resolutions. (INSURANCE JOURNAL)
—Compiled by SNCJ Managing Editor KOREY CLARK
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