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Unfair Insurance Practices Earn Wells Fargo A $1B Fine

Wells Fargo has been slapped with a $1 billion fine for its unfair insurance practices. Thousands of the bank’s vehicle loan customers were sold additional unnecessary auto insurance policies.
April 26, 2018 Legislation & Regulation Risk Management

Insurance Lobby Making Stand Against Bills To Help California Fire Victims

The property-and-casualty insurance industry is making a last-minute bid to derail or significantly alter two pieces of legislation that would bring relief to fire victims who lost their homes in October, bill supporters said Tuesday.
April 25, 2018 Legislation & Regulation Property California

New Bill Aims To Prevent Insurers Checking Education Levels, Incomes

A bill filed last week could potentially prevent insurance companies from charging customers based on their educational background and/or income. Specifically, the bill - sponsored by a New Jersey congresswoman - would prohibit certain income information from being used to set insurance rates.
April 20, 2018 Auto Legislation & Regulation Risk Management District Of Columbia

A Look At San Francisco’s Seismic Safety On Anniversary Of Historic 1906 Earthquake

Sailors arriving in San Francisco in the 19th century used two giant redwood trees perched on a hill to help guide their ships into the bay. The redwoods were felled for their lumber at around the time of the gold rush, but San Francisco now has a new beacon: Salesforce Tower, the tallest office building in the West.
April 18, 2018 Catastrophe Legislation & Regulation Property California

Effort To Extend Time To Sue Insurance Companies For Bad Faith Sidelined By House Panel

A Louisiana House committee narrowly defeated Monday legislation that opponents called the Texas Brine Bail Out Act.
April 11, 2018 Legislation & Regulation Litigation Louisiana

Minnesota Senators File Bill To Ban Self-Driving Cars

Four Minnesota senators have introduced a bill that would ban self-driving cars from state highways and roads unless the automated driving systems are disabled and humans perform all the driving tasks.
April 4, 2018 Legislation & Regulation Minnesota

Missouri Bill Would Limit Insurer Payouts

A bill on Gov. Eric Greitens’ desk would limit how much money insurance companies would have to pay after accidents.
April 3, 2018 Legislation & Regulation Missouri

Minnesota Woman Advocates For Change In Boat Insurance Law

When Twin Cities TV reporter Courtney Godfrey lost part of her leg in a boating accident over the summer, she assumed the boat owner’s insurance policy would help. But she quickly learned the boat’s liability policy excluded her.
March 30, 2018 Legislation & Regulation Minnesota

Technology Is Outpacing Data Analytics, Self-Driving Car Regulation

A fully autonomous vehicle could generate as much data as the equivalent of every movie ever made … on a daily basis.
"The amount of data being generated in these vehicles is just mind boggling," said Tom Karol, general counsel - federal, The National Association of Mutual Insurance Companies (NAMIC).
March 27, 2018 Legislation & Regulation Technology

NFIP Extended Through July With Omnibus Spending Bill

Advocates who have been pushing for renewal of the U.S. federal flood insurance programs in the wake of last year’s devastating hurricanes and floods praised Congress for extending the program through July 31.
March 26, 2018 Catastrophe Legislation & Regulation Property

Kentucky Senate Moves Auto Insurance PIP Legislation

A bill that would change the personal injury protection coverage required in all Kentucky automobile insurance policies has passed the state Senate.
March 7, 2018 Legislation & Regulation Liability Kentucky

‘Lying Through Their Teeth’: How PIP Repeal Died In The Florida Senate

A room full of industry lobbyists and Florida’s insurance commissioner converged to defend the state’s no-fault car insurance system against a repeal effort in the state Senate, leaving the state among a few keeping a no-fault plan and its drivers paying among the top six average U.S. premiums.
March 2, 2018 Legislation & Regulation Liability Litigation Florida

Distracted Drivers, Distracted Pedestrians: A Deadly Combination

U.S. pedestrian deaths totaled nearly 6,000 in 2017 for the second straight year amid mounting signs that walkers and drivers are dangerously distracted, according to a new study.
March 1, 2018 Auto Legislation & Regulation Liability

Amendment Strips Indiana Consumers Of Right To Assign Benefits To Body Shops

"That largely explains it," Insurance Institute of Indiana and State Farm lobbyist Jon Zarich told a state House committee Feb. 21 in presenting an amendment at least one of them hadn’t seen. But his summary of the amended Senate Bill 164 omitted any mention that the proposed language would effectively strip away auto insurance policyholders’ right to assign insurance benefits to body shops.
February 28, 2018 Auto Legislation & Regulation Litigation Indiana

Senator Schumer Calls For Higher Truck Safety Standards Following Fatal Pileup

Tractor trailer safety standards are under the microscope after a massive pileup on the Thruway left an Elba man dead in January. U.S. Senator Charles Schumer is calling for trucks to be equipped with "underride guards" to help protect drivers and passengers on roads.
February 27, 2018 Auto Legislation & Regulation Liability
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