Time Running Out In Florida Legislature For Insurance Reform
Once again, the end of Floridas spring legislative session is drawing near and the property insurance industry is starting to worry that chances to enact reforms to stem financial losses are slipping away.
April 13, 2017
Legislation & Regulation
Property
Florida
Texas Republicans Push Bill To Reform Hail Storm Litigation
Since 2003, theres been at least one issue nearly all Texas Republicans could unite behind - tort reform. "Twenty to 30 years ago, Texas was known as a haven for plaintiff lawyers and jackpot justice," said Tom Mechler, chairman of the Republican Party of Texas.
April 11, 2017
Legislation & Regulation
Litigation
Texas
Regular Risk Assessments Can Help Mitigate Cyber Exposures
Employees and third-party services are most likely the weakest links in a companys cyber security system, but regular risk assessments can help prevent information leaks, a financial services regulatory attorney said last week.
April 11, 2017
Legislation & Regulation
Risk Management
Technology
New York
Evaluation and Mitigation of Drone Risks
The use of unmanned aircraft systems (UAS or "drones") by individuals and industry continues to grow. According to the Federal Aviation Administration (FAA) drone sales are expected to grow from 2.5 million units in 2016 to 7 million in 2020.
April 7, 2017
Legislation & Regulation
Technology
Oklahoma Insurance Commissioner: Enhanced Building Code Protects Against Tornadoes
As Oklahomans, many of us accept that sometimes Mother Nature is not kind to our state. Weve all been affected by tornadoes in one way or another. One thing we dont have to accept is that our home will be destroyed or seriously damaged by severe weather.
March 30, 2017
Legislation & Regulation
Property
Oklahoma
Florida House Members Move On Auto Insurance Changes
Florida currently requires auto drivers to carry personal injury protection of at least $10,000 in medical benefits. But critics say that isnt enough to cover health care costs when theres an accident.
March 28, 2017
Auto
Legislation & Regulation
Liability
Litigation
Florida
Concerns That Insurance Antitrust Law Could Hit P&C Industry
Congress appears to be taking steps to block health insurers from pooling loss data - and the industry fears this could open a Pandoras Box that would lead to a broader removal of the privilege for all insurers in the future.
March 23, 2017
Legislation & Regulation
Life & Health
Property
District Of Columbia
Bill Would End $300M Tax Credit For Insurance Carriers In Florida
Insurance-industry officials remained adamant Tuesday that a proposal to eliminate a decades-old tax credit will cost jobs and hike premiums as the measure moved forward in the Senate with a significant change.
March 23, 2017
Legislation & Regulation
Florida
California Considers Whether To Continue Participation In FEMAs NFIP
The state is considering dropping out of the nationwide program in favor of establishing its own. California flood insurance found itself in the spotlight last month when the Oroville Dam threatened to fail.
March 22, 2017
Legislation & Regulation
Property
California
FEMA Cuts May Help Pay For Border Wall
Funding reductions to the Federal Emergency Management Agency (FEMA) may divert cash to cover the wall.
March 17, 2017
Legislation & Regulation
Property
District Of Columbia
Bill Creating Medical Malpractice Panels Passes In Kentucky
On March 3, 2017, a bill that would require medical malpractice claims to be reviewed by expert advisory panels before proceeding to court won final passage in the Kentucky Senate, two days after it narrowly passed in the House of Representatives.
March 7, 2017
Legislation & Regulation
Liability
Litigation
Kentucky
Michigan Injury Lawyer Backs No-Fault Insurance Reform
Mark Bernstein knows a lot about auto accidents. Because for half a century his family law group, The Sam Bernstein Law Firm, has represented hundreds of thousands of accident victims seeking compensation on their behalf.
March 6, 2017
Legislation & Regulation
Liability
Litigation
Michigan
USGS Forecasts A Decrease In Risk Of Man-Made Earthquakes
Three million Americans, primarily in Oklahoma and Kansas, are at risk from human-induced earthquakes this year, the U.S. Geological Survey said Wednesday.
March 2, 2017
Legislation & Regulation
Property
Kansas
Oklahoma
Should Florida Shadow Texas In Defining Gross Negligence?
To be or not to be remains the question with workers compensation and gross negligence. Currently, Florida law bars contractors and subcontractors from being sued for gross negligence when another subcontractor employs and insures its own crew.
February 24, 2017
Legislation & Regulation
Liability
Litigation
Workers' Compensation
Florida
Texas
California Bill Helps Eliminate $59M In Workers Comp Fraud
More than $59 million in fraudulent workers compensation claims were prevented thanks, at least in part, to a bill by Assemblyman Adam Gray, D-Merced, signed into law last year, according to a statement from his office.
February 22, 2017
Legislation & Regulation
Workers' Compensation
California



