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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

Florida’s I-4 Ranked As Most Dangerous In The Country

Traffic on Interstate 4 isn’t just frustrating, it’s 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 Michigan’s 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 hospital’s billing complaint against United Healthcare, her interactions with one of the nation’s largest health insurers extended far beyond her department’s hearing room.
October 3, 2016 Legislation & Regulation Risk Management

Florida’s Citizens Vying For Legislative Focus Amidst Workers’ Comp Fight

Will next year’s 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 state’s 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 NFIP’s $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 giant’s 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

There’s no question that driver fatigue poses a serious threat to safety on our nation’s 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

It’s 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
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