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CT Senate Passes Sweeping Consumer Protection Bill The Connecticut Senate passed an expansive consumer protection bill ( SB 5 ). Among other things, the measure would require service providers such as...
Social Media Warning Label Legislation Catching on in States Although Congress hasn’t responded to former U.S. Surgeon General Vivek Murthy’s call last June to take up legislation requiring...
OR Lawmakers Pass Age Discrimination Bill Oregon’s legislature passed a bill ( HB 3187 ) that would prohibit an employer from requesting an applicant’s age, date of birth or date of graduation...
WI Assembly Passes Multiple Healthcare Bills Wisconsin’s Assembly passed multiple healthcare-related bills with broad bipartisan support. One ( AB 43 ) would allow pharmacists to prescribe birth...
A nightmare may be coming to life for social media companies in Minnesota. There, Democrats in the state Legislature have embraced a pioneering bill, SB 3197 , which seeks to levy the nation’s...
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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