MI to Weigh Ban on Stock Buybacks for Companies Receiving Tax Breaks Michigan Sen. Mallory McMorrow (D) introduced a bill ( SB 783 ) that would prohibit publicly traded companies receiving economic incentives through the Michigan Strategic Fund from repurchasing...
Insurance Bill Raises Concerns in FL A fast-moving bill ( SB 1028 ) in Florida, sponsored by Sen. Joe Gruters (R), chairman of the Senate’s Banking and Insurance Committee, would require Citizens Property Insurance, the state’s insurer of last resort...
Across the board, the insurance industry will face structural upheaval in 2026, predicts attorney Karen C. Yotis , content manager for insurance on the Practical Guidance team for LexisNexis®. Just like in early 2025 , we asked Yotis, a frequent contributor...
Bill Setting Rounding Rules for Cash Transactions Advances in FL The Florida Senate Commerce and Tourism Committee advanced a bill ( SB 1074 ) that would direct retailers how to round cash transactions now that pennies have stopped being minted. Under the provisions...
Federal Government’s Penny Pinching Could Spur States to Set New Rounding Rules for Cash Sales Retailers are pushing for national rules to allow businesses to round cash sales to the nearest nickel, as a result of the federal government’s decision...
States Continue to Target AI-Driven Rental Pricing Nineteen states are considering bills that would limit the use of third-party software relying on competitor data to set rental housing prices, according to analysis by the American Economic Liberties Project...
Glowing Progress Report on FL Insurance Market from Gallagher Re The insurance industry reforms enacted in Florida in 2022 and 2023 in response to soaring homeowners’ premiums and carrier insolvencies have improved market conditions in the state, according...
CA Insurance Commissioner Seeking Reforms to Intervenor Process California Insurance Commissioner Ricardo Lara (D) announced he wants to make changes to the foundational insurance law approved by the state’s voters in 1988, Proposition 103, including to...
Trump’s ‘Debanking’ Order Raises Questions for Lenders Days after accusing JPMorgan Chase and Bank of America of discriminating against him and other conservatives, President Donald Trump issued an executive order directing the Treasury Department...
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 personal property put up as collateral for loans. The...
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 can now begin using to assess wildfire risk when setting...
Developing Anti-‘Debanking’ Trend in Red States? A new front appears to have opened in the ongoing battle over environmental, social and governance (ESG) investing. In March Idaho Gov. Brad Little (R) signed the Transparency in Financial Services...
PA Enacts Crypto Transmitter Licensing Requirements Pennsylvania Gov. Josh Shapiro (D) signed legislation requiring cryptocurrency and other virtual monetary transmitters to be licensed by the state. The new law will also require licensees to submit annual reports...
CA to Investigate State Farm over LA Wildfire Claims California Insurance Commissioner Ricardo Lara (D) announced a “market conduct examination” of State Farm over consumer complaints about the insurer’s handling of claims from the Los Angeles...
LA Homeowners Sue Insurers over Inadequate Fire Coverage 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...