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Former Auto Claims Adjusters Contradict Insurers’ Comments To Washington Lawmakers

Former Auto Claims Adjusters Contradict Insurers’ Comments To Washington Lawmakers

Former American Family and GEICO adjusters on Monday described their carriers as focused on cost and indifferent to safety in comments to Washington state lawmakers.
February 16, 2021 Auto Legislation & Regulation Washington

Is California’s Prop 22 A Blueprint For The Future?

Is California’s Prop 22 A Blueprint For The Future?

Last November the residents of California told the state, by a fairly substantial margin, to keep their labor employment law mittens off of rideshare gig workers. Proposition 22, designed to 'define app-based transportation (rideshare) and delivery drivers as independent contractors and adopt labor and wage policies specific to app-based drivers and companies,' passed with a 58.6% to 41.4% vote.
February 15, 2021 Legislation & Regulation Workers' Compensation California

Florida Senate Panel Backs Controversial Proposal For Property Insurance Changes

Florida Senate Panel Backs Controversial Proposal For Property Insurance Changes

Amid problems in Florida's property-insurance market, a Senate committee Tuesday backed a controversial proposal that could lead to many policyholders picking up more of the tab for roof damage, and limit attorney fees in insurance disputes.
February 3, 2021 Legislation & Regulation Property Florida

Louisiana Insurance Commission Recovers $22M For Consumers

Louisiana Insurance Commission Recovers $22M For Consumers

After hundreds of complaints about insurance providers to the Louisiana Department of Insurance mostly related to hurricane season damages, the state recovered more than $22 million for policy holders in 2020.
February 3, 2021 Legislation & Regulation Life & Health Property Louisiana

Increasing Regulation On Climate Change

Increasing Regulation On Climate Change

In 2021, the increasing effects of climate change and the response from U.S. insurance regulators will create both challenges and opportunities for insurers.
February 3, 2021 Legislation & Regulation Risk Management

Social Inflation; What Can Insurers Do About It?

Social Inflation; What Can Insurers Do About It?

A recent study by the Geneva Association on the topic of 'social inflation' addresses the challenges of defining and quantifying the phenomenon. More important, it takes on the question of what insurers and reinsurers can actually do about it.
January 27, 2021 Legislation & Regulation Liability Litigation Underwriting

What The Property/Casualty Insurance Industry Can Expect With The Biden Administration

What The Property/Casualty Insurance Industry Can Expect With The Biden Administration

On January 20, in a historic inauguration ceremony surrounded by U.S. soldiers guarding against domestic terrorism - before a field of 200,000 illuminated flags representing Americans who could not attend the ceremony because of the coronavirus pandemic - President Joe Biden and Vice President Kamala Harris were sworn into office.
January 25, 2021 Legislation & Regulation

Claims Solicitation Raising Florida Insurance Rates

Claims Solicitation Raising Florida Insurance Rates

Florida’s Insurance Commissioner says claims solicitation is raising the cost of Florida’s property insurance industry for both consumer and provider. David Altmier told a Senate panel Tuesday that rates for property owners will continue to rise unless something is done.
January 13, 2021 Legislation & Regulation Litigation Property Florida

NAIC To Develop New Pet Insurance Regulatory Standards

NAIC To Develop New Pet Insurance Regulatory Standards

The National Association of Insurance Commissioners (NAIC) is currently working on a new model pet insurance regulatory standards law.
January 12, 2021 Legislation & Regulation

Lawsuit Reform Legislation Takes Effect In Louisiana

Lawsuit Reform Legislation Takes Effect In Louisiana

Lawsuit reforms supporters say will lower auto insurance rates went into effect Friday for the new year. The compromise reforms were agreed to by the Governor and Legislature last year.
January 4, 2021 Legislation & Regulation Litigation Louisiana

Wildfire: Demonstrating The Cost-Effectiveness Of Mitigation

Wildfire: Demonstrating The Cost-Effectiveness Of Mitigation

If you live in the western United States, the 2020 wildfire season has probably felt even more intense than the previous record-breaking seasons of 2017 or 2018. The sheer scale of the events this year has broken new records.
December 15, 2020 Legislation & Regulation Property Risk Management California Colorado Oregon

Innovating Our Way Out Of A Crisis

Innovating Our Way Out Of A Crisis

There are a few things we may never see again thanks to COVID-19. Free samples at the grocery store, infrequent cleaning of subway cars, cramped conference rooms, packed elevators, communal office pies and cakes, stigma around sick days and working from home, plastic ball pits for toddlers, buffet restaurants, paper menus, shaking (too many) hands and unpackaged dinner mints (okay, maybe those aren't a thing any more), to name a few.
December 14, 2020 Legislation & Regulation

What US Insurers Should Keep In Mind About Climate Change Regulations

What US Insurers Should Keep In Mind About Climate Change Regulations

There has been a marked increase in public announcements from regulators in recent months, both in the United States and internationally, relating to climate change and about embedding consideration of climate change-related risks into regulation of financial institutions.
November 25, 2020 Legislation & Regulation

Is A Crash Ever An Accident?

Is A Crash Ever An Accident?

When Helen Witty's 16-year-old daughter was killed by a drunk and drugged driver, in her grief she found some comfort in a single word: crash. While most of those around her were referring to her daughter's death as an accident, Witty says that one word-crash-helped her change her perception and heal.
November 24, 2020 Auto Education & Training Legislation & Regulation Liability

Uber Eats, Grubhub And Other Delivery Drivers Need Insurance Coverage, So Why Won’t Regulators Mandate It?

Uber Eats, Grubhub And Other Delivery Drivers Need Insurance Coverage, So Why Won’t Regulators Mandate It?

The COVID-19 pandemic has impacted nearly every fiber of the world economy. As businesses have had to adjust how they transact with patrons in an effort to curb the spread of the novel virus, on-demand delivery drivers - classified as essential workers - have emerged unsung heroes.
November 20, 2020 Legislation & Regulation
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