State Farm Ordered To Refund California Homeowners $104M
Acting upon a petition from the Consumer Federation of California (CFC), California Insurance Commissioner Dave Jones has ordered State Farm to refund homeowners insurance policyholders $104 million and reduce rates going forward.
November 8, 2016
Legislation & Regulation
Property
Risk Management
California
Opportunites, Challenges Ahead For Insurers With The Next POTUS
One of the largest federal lobbying bodies for the property/casualty industry does not take a position in presidential politics, but at least one among its leaders believes either outcome of the 2016 contest will be a mixed bag for the insurance business.
October 27, 2016
Legislation & Regulation
Liability
Property
Risk Management
Floridas I-4 Ranked As Most Dangerous In The Country
Traffic on Interstate 4 isnt just frustrating, its dangerous. A new survey from EverQuote analyzed traffic fatalities and found that I-4 is the most dangerous interstate in the country with 1.41 fatalities per mile from 2010 to 2015.
October 27, 2016
Auto
Legislation & Regulation
Liability
Florida
Michigan's Work Comp Premium Rate Down 39% Since 2011
Michigan workers and job providers continue to benefit from Michigans workers compensation system as the Department of Licensing and Regulatory Affairs (LARA) announced today that the pure premium advisory rate for workers compensation insurance will drop by an average of 9.3 percent in 2017.
October 6, 2016
Legislation & Regulation
Workers' Compensation
Michigan
NFIP May Cancel Coverage For Areas Of Repetitive Flood Loss
Congress is currently looking at the National Flood Insurance Program and coverage for troublesome locations. The United States Congress may soon take the axe to home flood insurance coverage for properties that are regularly flooded.
October 3, 2016
Legislation & Regulation
Property
Cozy Relationships Between Insurance Commissioners And The Industry
When the Arkansas insurance commissioner weighed the merits of a hospitals billing complaint against United Healthcare, her interactions with one of the nations largest health insurers extended far beyond her departments hearing room.
October 3, 2016
Legislation & Regulation
Risk Management
Floridas Citizens Vying For Legislative Focus Amidst Workers Comp Fight
Will next years legislative battle over workers compensation rates prove so all-consuming that other state priorities starve for attention?
September 29, 2016
Legislation & Regulation
Property
Workers' Compensation
Florida
New York Considers "Textalyzer" Bill
On a summer morning near Chappaqua, New York, in 2011, Evan Lieberman, 19, was carpooling with co-workers when the driver collided with another vehicle. Five occupants between the two cars were sent to the hospital.
September 27, 2016
Legislation & Regulation
Liability
New York
Tesla Sues Michigan Officials Over Ban On Direct Sales
Tesla Motors Inc Thursday sued Michigan Governor Rick Snyder and other state officials in federal court over the states refusal to allow the Palo Alto, California automaker to sell vehicles directly to consumers.
September 23, 2016
Auto
Legislation & Regulation
Litigation
Michigan
Legislator Introduces Bill To Forgive NFIPs $23B Debt
Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, today introduced a bill, H.R. 5953, to forgive the $23 billion in debt at the National Flood Insurance Program (NFIP) and place the program on a path toward solvency and affordability ahead of its reauthorization in fiscal 2017.
September 12, 2016
Legislation & Regulation
FAA Urges Passengers to Not Use Samsung Galaxy Note 7 on Planes
U.S. air-safety regulators have taken the unusual step of singling out Samsung Electronics Co.s Galaxy Note 7 smartphone as a potential airborne fire hazard, urging passengers to avoid using the devices entirely on board airliners, dealing another blow to the technology giants smartphone recovery efforts.
September 9, 2016
Excess & Surplus Lines
Legislation & Regulation
Liability
Technology
Legislation Aims For Michigan To Take The Lead In Autonomous Vehicles
Michigan would no longer require that someone be inside a self-driving car while testing it on public roads under bills up for a vote in the Legislature.
September 7, 2016
Auto
Legislation & Regulation
Technology
Michigan
Drone Insurance Will Take Off With New FAA Regulations
The Federal Aviation Administration drone regulations that went into effect Monday are expected to usher in a new and dramatic period of change for the commercial use of unmanned aerial vehicles - one that spells potential profit for insurance professionals.
September 2, 2016
Legislation & Regulation
Liability
Property
Increased Regulations For Commercial Drivers Have Not Improved Safety
Theres no question that driver fatigue poses a serious threat to safety on our nations roadways. But just how bad is the threat?
August 25, 2016
Excess & Surplus Lines
Legislation & Regulation
Liability
Workers' Compensation
Texas Closed Formulary A Success Story
Its no wonder other state workers compensation programs are looking to Texas for ideas on controlling drug costs. A recent analysis by researchers at the Texas Department of Insurance shows that the Texas pharmacy closed formulary is lowering costs and reducing the use of opioids.
August 18, 2016
Legislation & Regulation
Workers' Compensation
Texas



