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The Failed No-Fault Automobile Insurance Experiment

In its widest sense, “no-fault insurance” is a term used to describe any auto insurance coverage under which policyholders are paid for personal injuries and property damage they sustain in accidents through their own insurance company, regardless of fault. In many ways it is like first-party coverage.
August 6, 2020 Auto Liability Subrogation

Insurance Regulators Pledge To Address Racism And Discrimination Within The Industry

The National Association of Insurance Commissioners (NAIC) has announced the formation of a special committee focused on Race and Insurance. <br /><br />“Our regulatory system and insurance in general is a reflection of the society it aims to protect, and while state insurance regulators have worked to eliminate overt discrimination and racism, we all have been increasingly aware that unconsious bias can be just as damaging to society,” said Mike Consedine, NAIC’s CEO, in a statement.
August 5, 2020 Legislation & Regulation