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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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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 hotels to use “all-in” pricing, fully...

FL Condo Bill Raises Insurance Concerns Florida lawmakers passed a bill ( HB 913 ) intended to provide condominium owners some relief from the high cost of bringing properties up to code, as a result of strict new rules imposed on them after the deadly...

‘Unauthorized Alien’ Limits Among Trio of Auto Insurance Proposals Under Consideration in LA House Three auto insurance bills cleared the Louisiana House Committee on Civil Law and Procedure last month. One of them ( HB 436 ) would prohibit...

DOGE-Like Effort in FL Could Impact Insurance Industry The wave of housecleaning that’s swept through the federal government courtesy of Elon Musk's Department of Government Efficiency appears to have reached the state government of Florida...

Insurer Payouts for LA Wildfires Top $12B California Insurance Commissioner Ricardo Lara (D) announced that insurers have now paid out over $12 billion in claims from the largest of the Los Angeles wildfires. That sum is almost twice the $6.9 billion...

State Lawmakers Take Aim at Crypto Kiosks Lawmakers in at least 15 states have introduced bills to regulate cryptocurrency kiosks, which are often found at convenience stores and gas stations. The bills would limit transactions, generally to $1,000...

Expect a lot of activity at the state level on insurance issues in 2025, so says attorney Karen C. Yotis , content manager for insurance on the Practical Guidance team for LexisNexis®. We asked Yotis, a frequent contributor to State Net® Capitol...

Flurry of Legislative Action on Wildfires in CA In response to the devastating wildfires in Los Angeles last month, California Insurance Commissioner Ricardo Lara (D) and several state lawmakers have proposed a 10-bill package of legislation aimed at...

CA Urges Insurers to Make Things Easier for LA Wildfire Victims California Insurance Commissioner Ricardo Lara (D) issued a notice to residential property insurance companies in the state urging them to go beyond their legal obligation and pay policyholders...

Cost of LA Wildfires Could Reach $150B J.P. Morgan said last week that insured losses from the wind-driven wildfires in Los Angeles could reach $10 billion, according to reporting by Reuters. AccuWeather initially estimated the total damage and economic...