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States Target School Cell Phone Use At least four states have banned or severely restricted the use of smart phones in schools in the current legislative biennium. Florida became the first state to do...
Compounded Weight-Loss Drugs Creating Headaches for State Regulators With popular weight-loss drugs like Mounjaro, Ozempic and Wegovy in short supply, many doctors, pharmacies and other providers have...
In their seminal book on the American health care system, legendary investigative reporters Donald L. Barlett and James B. Steele offered a disturbing metaphor for the illogical nature of medical pricing...
PA Lawmakers Pass Bill Regulating PBMs The Pennsylvania legislature passed a bill ( HB 1993 ) aimed at increasing oversight of pharmacy benefit managers. If signed by Gov. Josh Shapiro (D), the measure...
In a sign of the times, states have begun pursuing bills that require disclosure of the use of artificial intelligence. In March, Utah Gov. Spencer Cox (R) signed SB 149 , making the state the first...
At a Standard & Poor’s webinar last week entitled “IN/sights: Outlook and Trends for U.S. Insurers—What to Expect in 2024 and Beyond,” Tim Zawacki, principal insurance analyst, S&P Global Market Intelligence, said the biggest challenge P/C insurers will face next year is resistance from regulators to the continued push for rate increases as underwriting results improve.
“I think we will see results get better,” he said. “I think we will also continue to see rate increases. And I think the juxtaposition of those two things at some point is likely to generate conflict.” (INSURANCE JOURNAL)
Kansas insurance companies will start paying a lower surplus lines tax rate next year, due to legislation (HB 2090) enacted in April lowering the rate from 6% to 3%. The new rate will apply to policies that take effect on or after January 1, 2024, as well as to any endorsements. (INSURANCE JOURNAL, LEXISNEXIS STATE NET)
—Compiled by SNCJ Managing Editor KOREY CLARK
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