California Governor Vetoes Self-Driving Truck Bill
California Gov. Gavin Newsom has vetoed a bill to require human drivers on board self-driving trucks, a measure that union leaders and truck drivers said would save hundreds of thousands of jobs in the state.
September 25, 2023
Legislation & Regulation
California
How Proposition 103 Worsens Risk Crisis in California
California is not the only U.S. state struggling with insurance availability and affordability, but -- as described in a new Triple-I Issues Brief -- its problems are exacerbated by a three-decades-old legislative measure that severely constrains insurers’ ability to profitably insure property in the state.
September 25, 2023
Insurance Industry
Legislation & Regulation
Underwriting
California
Minivan Safety Ratings Highlight Second-Row Issues
In a recent report by the Insurance Institute for Highway Safety (IIHS), minivans, a popular choice among parents for family transportation, are facing criticism for their second-row seating safety ratings.
September 25, 2023
Auto
California Insurance Commissioner Strikes Unwritten Agreement with Industry to Revive Home Insurance Coverage
After a summer that saw many of California’s top home insurers pull back from the state market, Insurance Commissioner Ricardo Lara announced Thursday that he struck a deal with the insurance industry to encourage new coverage in the state.
September 22, 2023
Insurance Industry
Legislation & Regulation
California
Hawaii Property Owners Challenged in Unprecedented Wildfire Lawsuit
The devastating Hawaii wildfires prompted a groundbreaking lawsuit filed by Harold Wells, whose daughter lost her life in the inferno.
September 22, 2023
Liability
Litigation
Hawaii
We Could Use a Little ‘Nudge’
The system of processing and handling insurance claims is fraught with inefficiencies. That is not to say it is entirely flawed, but, if we are being honest, we have all heard the same refrains for years.
September 22, 2023
Insurance Industry
Shutdown Threat Looms Over U.S. Flood Insurance
Even as the 2023 Atlantic hurricane season proves to be more intense than originally predicted, federal funding for the National Flood Insurance Program (NFIP) is threatened by a potential government shutdown.
September 22, 2023
Legislation & Regulation
Property
It’s Not an "Insurance Crisis" -- It’s a Risk Crisis
Ten states -- Louisiana, Florida, Idaho, Kentucky, Mississippi, Montana, North Dakota, South Carolina, Texas, and Virginia -- as well as additional plaintiffs, are suing the Federal Emergency Management Agency (FEMA) over its new methodology for pricing flood insurance, Risk Rating 2.0.
September 21, 2023
Legislation & Regulation
Property
Florida
Idaho
Kentucky
Louisiana
Mississippi
17 Top Authors Suing OpenAI, Alleging ChatGPT Steals Their Works
OpenAI’s ChatGPT is the target of a major new lawsuit, alleging the company illegally copied the copyrighted works of authors to train the artificial-intelligence robot.
September 21, 2023
Litigation
Hawaiian Electric’s Liability Insurance Coverage Is Key Question
The Hawaii Public Utilities Commission initiated a sweeping inquiry of Hawaiian Electric Co. this week, and, among other things, ordered the utility to reveal by Monday any liability insurance the company has available to cover legal claims related to the Aug. 8 fires on Maui.
September 21, 2023
Liability
Litigation
Property
Hawaii
Climate Change’s Toll on Homeowners and Insurance
Millions of American homeowners are confronting a growing financial dilemma as climate change-driven wildfires and floods push their home insurance rates to unprecedented levels. The situation is compounded when insurers decide to withdraw coverage.
September 21, 2023
Insurance Industry
Property
California
Florida
Kentucky
Louisiana
South Dakota
Lawsuit Challenges FEMA’s Role in Endangering Oregon’s Natural Habitats
Conservation groups in Oregon are suing the Federal Emergency Management Agency over its flood-insurance program, which they say puts fish, orcas and people at risk.
September 20, 2023
Legislation & Regulation
Litigation
Property
Oregon
Fifth Circuit Holds No Uninsured Motorist Coverage for Lyft Driver Following Crash
In Neptune v. Indian Harbor Insurance Co., the Fifth Circuit Court of Appeals recently addressed whether uninsured motorist (UM) coverage applied in an accident where there was no evidence of a ‘hit’ from the uninsured vehicle.
September 20, 2023
Auto
Texas
Workers’ Comp Beyond the Claims: A Human-Centered Approach to Preventing Pitfalls on the Path to Recovery
So often we hear about workers’ comp claims that go wrong. Something gets missed, and things take a bad turn. These kinds of problems are familiar to anyone who works in the workers’ comp field.
September 20, 2023
Workers' Compensation
More Layoffs Coming in Insurance Industry Without Reform
San Francisco might not be the only California colossus in a so-called ‘doom loop.’ The property and casualty insurance market is experiencing a crisis of its own, and the consequences are dire for the entire state economy.
September 20, 2023
Legislation & Regulation
Property
California
