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Time Running Out In Florida Legislature For Insurance Reform

Once again, the end of Florida’s 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, there’s 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 company’s 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. We’ve all been affected by tornadoes in one way or another. One thing we don’t 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 isn’t enough to cover health care costs when there’s 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 Pandora’s 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 FEMA’s 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
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