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New York Settles With NRA Over Illegal Insurance Sales

New York Settles With NRA Over Illegal Insurance Sales

The National Rifle Association agreed to a five-year ban on doing insurance business in New York state and will pay a $2.5 million civil fine to settle charges it offered insurance to members without a license and concealed how it routinely kept some premiums for itself.
November 17, 2020 Legislation & Regulation

New York No-Fault Fee Schedule: What You Need to Know

New York No-Fault Fee Schedule: What You Need to Know

In October, New York will implement major changes to its fee schedule for auto casualty no-fault claims, which includes increased rates and significant changes to specific ground rules stating that providers may not bill outside of their section of the fee schedule.
October 23, 2020 Legislation & Regulation Liability New York

One Year After The Dallas Tornado Outbreak

One Year After The Dallas Tornado Outbreak

We are marking the one-year anniversary of the state’s most expensive tornado outbreak. Most of the cost was created by an EF-3 tornado that slashed North Dallas on October 20, 2019.
October 21, 2020 Catastrophe Legislation & Regulation Property Texas

General Contractor Overhead And Profit And AOB Insurance Scams

General Contractor Overhead And Profit And AOB Insurance Scams

A storm is rising, and it is not the type which causes damage to homes and vehicles. It causes damage of a much more insidious nature.
October 5, 2020 Legislation & Regulation Property Subrogation

FASB Further Delays Accounting Rule On Insurance Contracts

FASB Further Delays Accounting Rule On Insurance Contracts

Insurance companies are getting even more time to implement a new rule for valuing long-term contracts following a vote by the Financial Accounting Standards Board on Wednesday.
October 2, 2020 Legislation & Regulation

Optimizing Insurance’s Role In The Pandemic

Optimizing Insurance’s Role In The Pandemic

COVID-19 has revealed the expansive landscape of pandemic risk. The federal government has already committed $2.2 trillion to fund pandemic relief programs for individuals, businesses and state and local governments, just for 2020.
September 29, 2020 Legislation & Regulation

State Presumption Rules Throw Wrench Into Workers’ Compensation

State Presumption Rules Throw Wrench Into Workers’ Compensation

The saying, "We're all in the same boat," hasn't necessarily been true of the COVID-19 pandemic and its impact on workers' compensation in the US.
September 25, 2020 Legislation & Regulation Workers' Compensation

A Study On Expanded Use Of ‘Presumption’

A Study On Expanded Use Of ‘Presumption’

The COVID-19 pandemic has effected fundamental changes on society, business and our very existence. It perhaps cannot yet be characterized as the equivalent of the plague, cholera, smallpox or even some historically significant influenza strains.
September 21, 2020 Legislation & Regulation Workers' Compensation

California Regulator, Insurers To Work Together On Fire Risk Mitigation Standards

California Regulator, Insurers To Work Together On Fire Risk Mitigation Standards

California's insurance commissioner announced a plan to tackle the state's wildfire insurance crisis Wednesday, saying the state will collaborate with the industry to develop standards for "hardening" homes and communities against fire risk.
September 17, 2020 Catastrophe Legislation & Regulation Property California

NJ Bill Creates Workers’ Comp Presumption Of Coverage For COVID-19

NJ Bill Creates Workers’ Comp Presumption Of Coverage For COVID-19

A bill signed by Gov. Phil Murphy on Monday will make it easier for essential workers in New Jersey who contract the coronavirus to qualify for workers' compensation.
September 15, 2020 Legislation & Regulation Workers' Compensation New Jersey

NFIP Enters New Millennium With Virtual Adjusting And Risk Rating 2.0

NFIP Enters New Millennium With Virtual Adjusting And Risk Rating 2.0

As evidenced by Hurricane Laura and other significant events, including the flooding in the Midwest last year, floods pose a serious risk to property owners across the country.
September 10, 2020 Catastrophe Legislation & Regulation Property

Emergency Louisiana Insurance Rule Protects Hurricane Laura Survivors

Emergency Louisiana Insurance Rule Protects Hurricane Laura Survivors

Hurricane Laura survivors who are insurance policy holders were impacted by a new emergency rule by the Louisiana insurance commissioner which enables residents to file insurance claims during a situation when hundreds of thousands are still without electricity in Southwest Louisiana.
September 9, 2020 Legislation & Regulation Louisiana

Wildfires Hasten Another Climate Crisis: Homeowners Who Can’t Get Insurance

Wildfires Hasten Another Climate Crisis: Homeowners Who Can’t Get Insurance

As wildfires burn homes across California, the state is also grappling with a different kind of climate predicament: How to stop insurers from abandoning fire-prone areas, leaving countless homeowners at risk.
September 2, 2020 Catastrophe Legislation & Regulation Property California

Dodd’s Insurance Claims Streamlining Bill Clears California Legislature

Dodd’s Insurance Claims Streamlining Bill Clears California Legislature

A proposal from State Sen. Bill Dodd, D-Napa, that would streamline residential insurance claims for victims of disasters such as wildfires passed the legislature today with bipartisan support.
August 31, 2020 Catastrophe Legislation & Regulation Property California

How COVID-19 Presumption Laws Could Spell Rising Litigation For Workers’ Comp

How COVID-19 Presumption Laws Could Spell Rising Litigation For Workers’ Comp

The COVID-19 pandemic shows no signs of slowing, with infection resurgences apparent in southern and midwestern states and economic losses affecting virtually every part of the global economy.
August 25, 2020 Legislation & Regulation Litigation Workers' Compensation
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